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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…