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
JobKeeper 2.0 ‘decline in turnover test’ – ATO Determination allows ‘actual’ turnover to be calculated on an ‘attribution’ timing basisSeptember 19, 2020
JobKeeper 2.0 – Alternative 28-day ‘Reference Periods’ for the 40hr per fortnight work test (for higher ‘tier’ benefits) – determination made by CommissionerSeptember 19, 2020
JobKeeper 2.0 – statutory amendments and amending rules now made – summary and linksSeptember 19, 2020
GST tax reform – its importance and place in wider tax reform in Australia (including as part of a COVID-recovery)September 19, 2020
Vic taxes – waiver of 2020 ‘Vacant Residential Land Tax’ and 25% waiver of ‘Congestion Tax’ imposed on Car Park ownersSeptember 12, 2020
Crown Melbourne Limited & Anor v CofT – GST win for casino operators – commissions paid to or rebates received from ‘Junket Operators’ included in ‘global GST amount’September 12, 2020
Extension of Insolvency Relief to 31 December 2020 – $20,000 thresholds – 6 months to respond to demandSeptember 9, 2020
Qld: COVID-19 relief – additional and extensions announced – including payroll tax reliefSeptember 7, 2020
ASIC v RI Advice Group Pty Ltd – Legal professional privilege claim rejected on docs provided to ASICSeptember 7, 2020
‘SMSF auditor number’ misuse – ATO discloses the result of its mailout measure (but only for the 2018 year)September 7, 2020
Tax Practitioners Board releases corporate plan for 2020-21 (‘sneak peek’ into its independence on imposing sanctions)September 7, 2020
Huang v DCT – Freezing order against taxpayer set aside for overseas assets – ‘no realistic possibility of enforcement’September 6, 2020
CofT v Fortunatow – PSI rules: unrelated clients test not satisfied because there work was not a ‘direct’ result of the ‘LinkedIn’ advertisements – ATO wins appealSeptember 6, 2020
‘Downsizer’ super contributions from part disposal of home to ‘DomaCom’ product – so $300k contribution to SMSF possible (ATO advice released for ASX)September 6, 2020
JobKeeper – ATO updates its guides for the additional the employment reference date – 1 July 2020 now, as well as the old 1 March 2020September 6, 2020
Australia falling behind in corporate tax cuts – third last out of 39 OECD countriesSeptember 5, 2020
IGTO releases Edition 13 of IGoT News – COVID Support issues, full year’s data, update on ‘reviews’ and what to expect in Q1 Fy ’21August 30, 2020
JobKeeper – amending rules made to add 1 July 2020 as an alternate date by which an individual must be employed, to eligibleAugust 30, 2020
Draft Schedule 3 to PCG 2017/4 – ATO transfer pricing guidance on interest-free loans between related partiesAugust 30, 2020
TR 2020/4 and PCG 2020/7 – Thin cap: arm’s length debt test; ATO interpretation and practical compliance approachAugust 30, 2020
Gilliland v ASIC – AAT reverses ASIC decision to disqualify SMSF auditor for breaches of the APES 110 ‘independence’ rule in auditing his family’s SMSFAugust 30, 2020
Hamilton v CofT – Taxpayer appeals AAT decision on salary exemption under international immunities legislation – High Court Jayasinghe case consideredAugust 29, 2020
Tax Alert TA 2020/3 – Arrangements with interposed offshore beneficiaries, with interest deductions – that avoid Australian tax and interest withholding taxAugust 29, 2020
Old fashioned ordinary tax measures (remember those) – a stocktake of recently passed bills, unpassed bills, and no bills at all measures (lots)August 23, 2020
JobKeeper 1.1 changes enacted – adding an alternate 1 July 2020 employment testing date (additional to 1 March 2020)August 23, 2020
