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Tax Bites: Putting UPEs on sub-trust terms
As we are now all aware, via tax ruling TR 2010/3, the ATO has outlined its position that a UPE... read more
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Tax Bites: Vacant residential land tax
Provisions were recently inserted into the Land Tax Act 2005 of Victoria which now incorporate a new vacant residential land... read more
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Tax Bites: The application of the new base rate entity legislation to corporate beneficiaries
With Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 now having passed both the House of Representatives... read more
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Tax Bites: Pre-CGT or post-CGT – that is the question
There are several provisions in the ITAA97 that can “freshen-up” the status of pre-CGT assets. These provisions need to be... read more
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Tax Bites: Managing withdrawals above the pension minimum threshold
From 1 July 2017, where pension members are withdrawing amounts above their minimum annual pension payment required, they will be... read more
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Tax Bites: Land tax main residence exemption
Generally, the main residence exemption for land tax purposes only applies where a taxpayer has physically resided at the property... read more
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Tax Bites: The 1 July 2017 GST amendments apply to more than just digital downloads!
From 1 July 2017, the so-called Netflix tax was introduced to require overseas businesses to remit GST to the ATO... read more
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Tax Bites: Using the Small Business CGT concessions to make lump sum superannuation contributions
In an era where there are significant restrictions on the amount of money that is able to be contributed into... read more
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Tax Bites: The limits of the Small Business Restructure Rollover
Subdivision 328-G of the ITAA97 was introduced in 2016 to enable Small Business Entities to restructure their business operations under... read more
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Tax Bites: Applying the GST margin scheme after acquiring property under the GST going concern exemption
It would not be uncommon for a taxpayer to seek to apply the GST margin scheme on the sale of... read more