Merchant v CofT – decision to disqualify SMSF trustees – AAT would not defer the review until after tax objections relating to the same transaction were determinedApril 20, 2021
JobMaker – Instrument allowing alternative means to report necessary information (other than through STP)April 20, 2021
PAYG obligations for remediation payments made by financial institutions following the Hayne Banking Royal Commission – how might PAYG arise?April 11, 2021
Budget super reforms introduce ‘sovereign risk’ into the $3t super industry – how could that be so?April 11, 2021
Janet Yellen decries the global ‘race to the bottom’ on Corporate Taxes – Don’s 21% to be replaced with Joe’s 28% to fund a belated COVID $3t stimulus packageApril 10, 2021
Victoria Power Networks Pty Ltd v CofT – ATO Decision impact statement – customer connection contributions to Electricity Distributors and their rebates to customersMarch 8, 2021
Income Tax Assessment (1997 Act) Regulations 2021 registered and commence 1 April 2021 – replacing the ‘sunsetted’ 1997 RegulationsMarch 6, 2021
PCG 2021/D2 – Allocation of professional firm profits – ‘exposure draft’ finally released – ATO says same three factors still applyMarch 2, 2021
CoT v MWB Accountants – Commissioner failed to extract an ‘overpaid’ refund from a tax agent (APOLOGY – if the agent’s version is correct)February 20, 2021
‘JobMaker’ scheme explained – $200 or $100 per week credit for hiring additional 16 – 35 year old people previously unemployed etc.November 15, 2020
Royal Wins Pty Ltd v Innovation and Science Australia – R&D activities not core activities – inadequate documentationNovember 5, 2020
Cooper & Oxley Builders Pty Ltd (in admin) atf Cooper & Oxley Builders Unit Trust v CofT – GST: company entitled to input tax credits rather than administratorNovember 4, 2020
Treasury releases draft miscellaneous tax and super amendments – ‘arms-length rules’, TOFA, Debt-Equity, Part IVC, TASA, segregated pension assets, SGC minima, early release NZ residents, super accounts in time to be auditedNovember 1, 2020
Insights into foreign purchases and sales of residential real estate – the ATO wearing its FIRB ‘watch-dog’ roleOctober 31, 2020
OECD/G20 Inclusive Framework on BEPS invites public input on the Reports on ‘Pillar One’ and ‘Pillar Two’ BlueprintsOctober 31, 2020
Treasury Laws Amendment (2020 Measures No. 4) Bill 2020 introduced – Electricity large-scale generation certificate refunds are NANE’ and SCT to AFCA transition measuresOctober 31, 2020
What do the amendments to Victoria’s COVID-19 commercial leases and licences regulations mean for landlords and tenants?October 31, 2020
Multi-lateral Instrument (MLI) – ATO updates its webpage for latest Synthesised Text for ‘covered’ DTAsOctober 30, 2020
Federal Budget 2020 – Economic Stimulus through a Gender Lens: Why the Budget Did Not DeliverOctober 30, 2020
Greensill to be heard in Full Federal Court concurrently with the appeal by N & M Martin – assets not ‘taxable Australian property’ distributed to non-resident beneficiary still subject to our CGT (under subdivision 115-C)October 30, 2020
Victoria Power Networks Pty Ltd v CofT – Partial victory on ‘uneconomic’ electricity connections – customer cash contributions assessable but customer transferred works not assessable as a ‘non-cash business benefit’October 29, 2020
IGTO’s annual report for the financial year 2019-20 – 2,775 Complaints and 3 current reviewsOctober 29, 2020
Purcell v CofT – No ATO discretion to remit ‘associated earnings’ on excess non-concessional superannuation contributions (under subdivision 97-B of the TAA53)October 29, 2020
Eichmann v CofT – CGT Small Business Concessions – Property used for storage was an ‘active asset’ – taxpayer finally wins in Full Federal CourtSeptember 22, 2020
ACT Rates Relief – for Commercial Tenants negotiating in good faith with COVID-19 affected tenants – extended with JobKeeperSeptember 20, 2020
Foreign Resident CGT Withholding Tax – ATO updates website for ‘Purchaser Payment Notification’ (PPN) forms – generating a ‘reference number’ for ATO, vendor and purchaser purposesSeptember 20, 2020
Qld stamp duty: Resolute Mining Ltd v Commr State Revenue – duty payable on $635k ‘unencumbered value’ of land – not the $8.4m ‘funding amount’ to move a school – which couldn’t be valued because it could go up or downSeptember 20, 2020
JobKeeper 2.0 – ‘work test’ for higher (Tier 1) benefits when hours of work not ascertainable – ATO Determination on when higher benefit will be paidSeptember 19, 2020
