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Amendments to Trust Deed may be required to avoid penalty stamp duty arising
Where a discretionary trust purchases residential property, the discretionary trust will be liable to pay a higher rate of stamp... read more
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FBT and the 2019/20 Festive Season
With the 2019/20 festive season now upon us, it is worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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Tax Bites: Land tax on the home tennis court or swimming pool
Earlier this year, changes were made to the Land Tax Act 2005 to restrict the land tax exemption that currently... read more
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Tax Bites: Inheriting Division 7A problems
All accountants would most likely experience the situation of taking over a new client that has pre-existing Division 7A exposures.... read more
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Tax Bites: Land Tax Trust Nominations for Discretionary Trusts
In 2006, a significant amount of discretionary trusts made beneficiary nominations with the State Revenue Office of Victoria to mitigate... read more
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Further extensions to director penalty notice regime
On 5 July 2019, the Government introduced Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019. Contained within the Bill are... read more
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The Coalition’s $158 billion tax cuts package
The Treasury Laws Amendment (Tax Relief So Working Australians Keep More of Their Money) Bill passed through the Senate with... read more
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Tax Update – Understanding the Labor Platform
On 4 April 2019, the Labor Party outlined their budget reply speech. With a pending Federal Election looming and to... read more
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Addendum to 2019/20 Federal Budget Release
On 4 April 2019, Treasury Laws Amendment (Increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019 was modified... read more
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2019/20 Federal Budget Snapshot
The Federal Budget was delivered on 2 April 2019. With a federal election around the corner and with a budget... read more