In the first episode of SMSFs with CGW, private clients partners Scott Hay-Bartlem and Clinton Jackson chat about the proposed tax on super balances over $3 million, also known as the Div 296 Tax.
On 1 January 2024, the Deductible Gift Recipient Registers reform came into effect, giving the ATO administration of all DGR categories.
Cooper Grace Ward private clients partner, Scott Hay-Bartlem, has been reappointed as Chair of the SMSF Association for another two-year term.
The ATO has released a guide for completing an NFP self-review return, allowing NFPs to begin an early review of their eligibility for income tax exemption in preparation for when the self-review return becomes available.
The ATO has released its Decision Impact Statement in response to the Federal Court decision of The Buddhist Society of Western Australia Inc v Commissioner of Taxation (No 2).
In this edition of ‘It depends’, lawyer Jack Colley talks about what you should do if the ATO is suing you.
Click below for who, what, where with graduate Jordi Morgan. Hear how long he’s been at Cooper Grace Ward Lawyers, what he would be doing if he wasn’t working in law and what he loves about his job.
Doyles Guide has released the 2023 rankings of tax law firms and lawyers in Queensland, and Cooper Grace Ward again leads the market.
Changing the trustee of your family trust can trigger a range of issues – so many, in fact, that partner Scott Hay-Bartlem has produced a series of six ‘It Depends’ videos to cover the tricks and traps for advisers and their clients.
Yesterday’s High Court decision in Vanderstock & ors v the State of Victoria [2023] HCA 30 (Vanderstock) has called into question the constitutional validity of State-imposed payroll taxes.
In the 2017 Budget, the government announced that the concept of ‘non-arm’s length income’ (NALI) for SMSFs was to expand to specifically include where an SMSF expense was not incurred, or less than would have been incurred had the parties been dealing on an arm’s length basis (NALE) – see for further information:
Section 65 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) prohibits the trustee of an SMSF making a loan to a member or a relative, or providing other financial assistance using the resources of the SMSF. Section 62 contains the sole purpose test and requires the SMSF to be maintained for particular purposes.