This consultation paper seeks stakeholder views on potential policy options in relation to stapled structures, the taxation of real property investments and the re-characterisation of trading income. Australia’s general framework for the taxation of non-resident investment seeks to balance a desire to ensure that non-residents pay an appropriate amount of tax on Australian sourced income…
The Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017 were registered on Mon 27.3.2017, to support the package of super reforms from 1 July 2017. The Regulations amend the ITA Regs, SIS Regs and Corporations Regulations 2001, to support the $1.6m pension transfer balance cap that will limit the amount of superannuation an individual can transfer into retirement phase.…
FCT v Normandy Finance and Investments Asia Pty Ltd (No 2) – Full Court: Commissioner awarded only partial costs for “inefficient” running of appeals Following the decision of the Full Federal Court in FCT v Normandy Finance and Investments Asia Pty Ltd & Ors [2016] FCAFC 180, in favour of the Commissioner, the Full Court has now ordered the taxpayers…