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Moving Overseas and Have a Property in Australia? Say Goodbye to the Main Residence Exemption!
Following the announcement in the 2017-18 Budget in May 2017, the Government has now introduced a bill legislating their proposal to remove all...
Unpaid Superannuation Guarantee Payments – Is It Time to ‘Fess Up’?
Recently, there has been a spate of articles and discussion in the media regarding employers failing to pay employee superannuation guarantee (SG)...
Stamp Duty – transfer of partnership interest in relation to land
Recently, the Victorian Court of Appeal (Commissioner of State Revenue v Danvest Pty Ltd & Anor [291] VSCA 382) - “the Danvest Case”) considered...
Section 100A – the devil is in the detail
“Sometimes when I consider what tremendous consequences come from little things, I am tempted to think there are no little things.” Bruce Barton...
The new landscape for residential rental properties
The Treasury has released draft law for the two measures announced in the Federal Budget in May this year in relation to denying tax deductions for...
Small business 15 year exemption – look out for payment issues
The small business 15 year exemption is the best of the small business CGT concessions, allowing the entire capital gain on the disposal of a CGT...
Directors beware – is your payroll agency exposing you!
On 29 May the ATO issued its first statements in relation to the administrative treatment that it will apply to both workers and businesses caught...
A very curious GST Change – Purchasers of new residential properties to remit GST!
In the May 2017 Budget announcements, the Federal Government proposes that from 1 July 2018 purchasers of newly constructed residential properties...
Foreign Resident Capital Gains Withholding Tax – First Birthday Greetings, and the precocious infant is already grasping for more
As we approach the first anniversary of Foreign Resident Capital Gains Withholding (FRCGW) Tax, the Federal Treasurer has provided an impetus to the...
ATO website information – don’t take it as gospel!
Tax agents often rely on the ATO website in making decisions instead of referring to the tax law itself. This is not always enough to get things...
