DCT v Ma – DCT granted freezing orders over Australian assets for collection of NZ tax debts

The Federal Court has granted freezing orders sought by a Deputy Commissioner of Taxation (DCT) in relation to recovery proceedings for accrued taxation liabilities owed, by the taxpayers, to the NZ Commissioner of Inland Revenue. The matter related to “significant” debts owed, to the NZ Commissioner, by husband and wife taxpayers amounting to AUD$2m as…

CR 2017/78-81 – Scheme of Arrangement and Special Dividends; Fuel Tax Credit Report generated by the GPSI fleet system; early retirement scheme

On Wed 15.11.2017, the Commissioner issued 4 Class Rulings: CR 2017/78 – Seymour Whyte Limited Scheme of Arrangement and Special Dividends. This ruling considers the income tax and CGT consequences for shareholders of Seymour Whyte Limited who,pursuant to a scheme of arrangement,disposed of their ordinary shares to VINCI Construction Australasia Pty Ltd and received special dividends. In…