The case of YPFD and Commissioner of Taxation [2014] AATA 9 provides some helpful insights for self-managed superannuation fund (SMSF) trustees on the circumstances when their residential properties may be ...
The case of YPFD and Commissioner of Taxation [2014] AATA 9 provides some helpful insights for self-managed superannuation fund (SMSF) trustees on the circumstances when their residential properties may be considered ‘business real property’.
Gutteridge and Commissioner of Taxation [2013] AATA 947 provides some valuable insights into when a person may be deemed to ‘control’ an entity, even if the person is not a director or shareholder of the entity.
The Assistant Treasurer has announced that the current GST-free treatment of going concerns and farmland will be abolished ‘sometime in 2014’. In its place, a reverse charge mechanism will apply.
The Australian Tax Office (ATO) has issued draft ruling TR 2013/D6 clarifying its view on the application of section 109J of the Income tax Assessment Act 1936. The views in the draft ruling conflict with some previously issued private rulings and Interpretative Decisions.
The ATO has released a draft legislative instrument that proposes to extend the in-house asset exemption to LRBAs once the loan has been fully repaid.
On Wednesday 6 November 2013, Federal Treasurer Joe Hockey and Assistant Treasurer Arthur Sinodinos announced the Government’s decision to abandon $3.1 billion worth of Labor’s unlegislated proposals in relation to tax and superannuation.
On 6 November 2013, Treasurer Joe Hockey announced the Government’s decision to abandon some of Labor’s proposed tax and superannuation initiatives.
We understand the ATO is preparing to issue section 264 notices to some accountants, requiring the production of documents relating to dividend access shares.
Self-managed superannuation fund administrators, planners and accountants should be aware that the rules to calculate the components of a superannuation death benefit where a person receiving a non-reversionary pension dies have been amended by the Income Tax Assessment Amendment (Superannuation Measures No 1) Regulation 2013. The new rules are effective
On 30 July 2013 the ATO issued TR 2013/5 – the final ruling on when an account based or transition to retirement income stream commences and ceases.
Regulations have commenced that will continue the tax exemption on earnings of a Self-Managed Superannuation Fund (SMSF) where a pensioner has died.
The ATO is currently targeting expatriates returning to Australia, sometimes after an extended time living and working overseas.
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.