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COVID-19 Payroll Tax relief measures
The COVID-19 pandemic has created a new way of life, with new challenges constantly emerging for Governments, businesses and households alike. While...
Foreign Person Stamp Duty surcharge – change to Victorian practice: a step behind but in line with proposed NSW legislative changes
Imposition of additional (surcharge) duty where foreign persons purchase residential land or undertake certain other transactions has been a feature...
FBT, car parking and ride sharing – some notable developments and reminders
Ordinarily, the FBT landscape does not change too much from year to year. However, in the last few months there have been a number of noteworthy...
Active assets and vacant land used partially for business – the saga continues
As many readers will be aware, one of the key requirements to access the small business capital gains tax ("SBCGT") concessions in Division 152 of...
Victorian economic entitlement duty regime – a trap for the unwary
Consider the following scenario: A farmer (or any other Victorian landholder) is considering entering into an agreement with a property developer to...
Non-arm’s length income – the impracticality of the Commissioner’s new policy
Accountants lodging your SMSF's tax return - unless you lodge by paper, your actions may already be exposing your fund to a 45% tax rate, even if it...
A new year, a new way of calculating super contributions
Following the enactment of the Treasury Laws Amendment (2019 Tax Integrity and Other Measures No 1) Act 2019 (the 'Amending Act'), the way in which...
Implications of the High Court decision in the Sharpcan case
On 16 October 2019 the High Court handed down its decision on the Commissioner of Taxation v Sharpcan Pty Ltd [2019] HCA 36. This judgement, which...
A Victorian land tax New Year’s surprise
Buried in the Victorian 2019/20 Budget Papers was a change to the land tax treatment of a common scenario that will prove to be an unwelcome...
Payroll tax – the music continues, although not always in harmony
For what is supposed to be an efficient harmonised revenue collection measure, the payroll tax ('PRT') system certainly generates plenty of...
