Taxation and Superannuation

Part IVA - Tax Avoidance Alert

Posted on February 20, 2015

A decision of the Administrative Appeals Tribunal made on 29 January 2015 illustrates the risks of relatively ordinary schemes to minimise…

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The value of Binding Death Benefit Nominations for your Superannuation

Posted on September 24, 2014

A recent court case has highlighted the importance of having a binding death benefit nomination that directs where your superannuation…

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Farmer battles fire, pests, drought and tax

Posted on September 02, 2014

The AAT has considered whether a Doctor, who also owns an olive plantation that has been plagued by problems, is able to offset his farm…

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Bitcoins – what are they, how the ATO’s Rulings will affect them, and why you need to know about them

Posted on August 22, 2014

Bitcoins are a hot topic at the moment, and the ATO has just released rulings on how they will treat them for taxation purposes. However,…

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Unpaid Present Entitlements and Bad Debt Deductions

Posted on August 05, 2014

The AAT has denied a taxpayer a deduction for writing off an irrecoverable debt from his family trust. Under s 25-35 of the ITAA 97 a…

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Concessional tax treatment of employee share schemes

Posted on August 02, 2014

It was reported in the Australian Financial Review (AFR) on 1 August 2014 that the Abbott government will revoke the Rudd government’s…

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Testamentary Trusts and Capital Gains Tax (CGT)

Posted on August 02, 2014

Although not expressly stated in the income tax legislation, for many years the Australian Taxation Office has adopted the practice of…

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Discretionary partnerships and failure to properly implement a structure

Posted on July 03, 2014

In the case of Yazbek v Commissioner of Taxation [2014] AATA 423 (27 June), Mr & Mrs Yazbek established a limited partnership with…

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GST consequences of leasing new residential developments

Posted on September 02, 2013

As a developer you may find yourself with a large amount of stock - and a lack of purchasers - upon completion of a development. Instead of…

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