From 1 July 2018, the Queensland Government is set to increase its additional foreigner acquirer duty rate from 3% to 7%. The rate increase was announced in the mid-year fiscal ...
From 1 July 2018, the Queensland Government is set to increase its additional foreigner acquirer duty rate from 3% to 7%. The rate increase was announced in the mid-year fiscal economic review as part of the response to the 2017/18 budget.
Revenue NSW has issued a Revenue Ruling that exempts Australian based developers that are ‘foreign persons’ from surcharge purchaser duty and surcharge land tax for new home development. The Ruling operates from 5 March 2018, when the legislation that was announced in the 2017/18 Budget came into effect.
The Labour Hire Licensing Act 2017 (Qld) commences on Monday 16 April 2018, and requires providers of labour hire to other entities in Queensland to be licensed. The Act itself does not differentiate as to whether the supply of labour is to a related entity or not, which means internal
It has never been easier to order a trust deed. However, getting a trust deed that effectively deals with both the tax and estate planning issues can be like finding a unicorn! The recent decision of Reschke v Reschke [2017] SASC 192, highlights the importance of a well worded trust
Establishing a trust is simple, but often not done properly.
From 1 July 2018, there is a new contribution cap – the downsizer contributions cap.
A new system of GST withholding will start from 1 July 2018.
A Treasury consultation paper issued on 11 January 2018 includes some new integrity measures. One of these is proposed changes to the non-arm’s length income (NALI) rules that were announced in the 2017 Budget.
A Treasury consultation paper issued on 11 January 2018 includes new integrity measures, one of which will affect SMSFs entering into new borrowing arrangements (LRBAs) after 30 June 2018.
A hotel owner who purchased gaming machine entitlements has successfully claimed deductions totalling $600,300. Costs for gaming machine entitlements have often be treated by the ATO as non deductible.
The recent case of Aussiegolfa Pty Ltd (Trustee) v Commissioner of Taxation [2017] FCA1525 is a reminder to SMSF trustees of the Commissioner’s wide power to deem assets to be in-house assets and of the reach of the sole purpose test when considering investments.
With the significantly reduced contribution caps that apply from 1 July 2017, it is more important than ever to ensure we are using all possible contribution caps.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.