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The active asset test and vacant land used partially for business – where should the line be drawn?
Practitioners would be well aware that in order for taxpayers to be able to access the small business capital gains tax ("SBCGT") concessions, they...
The cost of doing business worldwide with the click of a button
With the advent of technology such as the internet, smart logistics, smaller lead times etc., markets once only accessible to big business are now...
Is annual leave loading subject to super?
A recent update to the ATO's website regarding ordinary times earnings (OTE) and annual leave loading (from a superannuation guarantee (SG)...
GST, damages and insurance
When entities suffer damage or loss, it is likely that the resulting GST implications are not necessarily top of mind. However, there are some very...
Class actions – what happens when you win?
It is becoming more common in Australia for class actions to proceed where aggrieved shareholders of listed companies sue in relation to the shares...
Tax residency – flaws in the ATO’s ‘checklist’ approach
The recent Full Federal Court decision in Harding’s case, which considered the Australian tax residency status of Mr Harding, provided a win for the...
Reducing the cost of being foreign – taxpayer wins first Tribunal decision
In Victoria, foreign purchasers may be liable for an additional 7% stamp duty payable on acquisitions of land-related interests in residential...
FBT Focus: What will the ATO be looking for in your 2018-19 FBT returns?
As the end of the FBT year approaches, it is time to consider the lodgment of your 2018-19 FBT returns. FBT compliance is a common source of...
All taxpayers should be treated equally – so, is the Commissioner up to the challenge?
The recent Full Federal Court decision in Commissioner of Taxation v Sharpcan Pty Ltd [2018] FCAFC 163, which considered the tax treatment of...
Land Tax – Overview of Victorian absentee owner land tax surcharge
With the commencement of the 2019 land tax year less than 3 months away, Victorian landowners should now be considering whether they will be...
