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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
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2018/19 Federal Budget Snapshot
On 8 May 2018, the Government delivered a conservative budget in line with what would be expected in an election... read more
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Tax Bites: Varying the rate of foreign resident CGT withholding
Many of us will have clients that are non-residents of Australia that hold real estate in Australia. In accordance with... read more
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Potential penalty stamp duty when buying residential property
As we have previously advised our clients, the stamp duty legislation was recently changed to impose a penalty rate of... read more
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Tax Bites: Bequeaths of assets to non-residents of Australia
It is not uncommon to come across bequeaths of assets under the Will of a deceased person to non-resident beneficiaries.... read more
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Introduction of Single Touch Payroll
Single Touch Payroll (STP) is a new Government initiative that will require employers to report various payroll related payments such... read more
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Tax Bites: Land Tax Joint Ownership Assessments
The assessment of land tax on land held by joint owners often creates confusion with the perception arising of duplication... read more
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Tax Bites: Division 7A still causes confusion
Division 7A of the ITAA36 has been operational since 1997. However, the provisions are complex and their application extends beyond... read more
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Tax Bites: Introducing GST Withholding Tax
Making good on an announcement made in the May 2017 Federal Budget, the Government has introduced draft legislation which, if... read more
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Tax Bites: Timing mismatches between expenditure and income items between related parties
Section 82KK of the Income Tax Assessment Act 1936 is an often overlooked section which can act to deny deductions... read more