Access to the small business CGT concessions depends on whether a taxpayer is in business and if the asset being sold is an active asset. The date when a business ceases can impact whether these concessions are available. In this article we look to what to consider when faced with this situation.
Australia’s CGT landscape is about to change dramatically, with the 50% CGT discount giving way to cost base indexation and new rules for pre-CGT assets. In this article we consider upcoming new CGT rules, and how it may affect those planning an overseas move.
Tax governance is not just for big business — it can make or break a small business when the ATO comes knocking. In this article we explain why tax governance is important for SMEs and how to approach it.
The way in which assets are owned and transferred can materially affect the tax outcome for both parties when separating from a spouse or de facto partner. This article examines several key taxation and Victorian duty considerations that separating couples (and their tax advisors) should be aware of when structuring matrimonial property settlement.
The Victorian Government’s appetite for land tax revenue is increasingly reflected by the variety of scenarios that give rise to a liability under the vacant residential land tax (VRLT) rules. In this article, we explore 3 scenarios that raises an important question: what did the Government intend the VRLT rules to achieve, and does the legislation go beyond that purpose?
You may not be surprised that Australia and New Zealand have a long-standing agreement which allows citizens from each country to freely travel and live in the other country. However, you may be surprised about the tax implications and complexities that can arise, particularly for Kiwi’s landing in Australia.
Time is running out on accessing the ATO’s offer of limited interest costs on FTDT liabilities. We explore some of the issues, and what you need to know to tackle this issue.
One of the critical issues at the centre of Cameron v Commissioner of Taxation [2026] was whether a valid family trust election was made in respect of the Cameron Family Trust. Find out what the verdict means for FTEs in our article.
Recent months have seen a number of significant developments affecting trusts and their beneficiaries. Most notably, the High Court’s decision in Bendel’s case, the Federal Court decision in Cameron’s case and 2026-27 Federal Budget reforms relating to discretionary trusts, and capital gains tax. This article examines the implications of the Bendel and Cameron decisions and explores several key issues arising from the proposed reforms.
The High Court has decided in favour of the taxpayer in the Bendel case – with a 5-2 majority – concluding that an undrawn trust distribution is not a loan under Division 7A. We summarise the outcome and contemplate some likely consequences of this outcome.
