Sandini Pty Ltd v Ellison & ors. v CofT – ATO’s ‘Decision Impact Statement’ – Subdiv 126-A Family Law Rollover must be ‘to’ a spouse, can be from a trust, must result in ‘change of ownership’ and must be ‘because’ of the Court order

Tax Month - November 2018

Sandini Pty Ltd atf the Karratha Rigging Unit Trust & Ors v. Ellison & Ors v. Commissioner of Taxation of the Commonwealth of Australia & Ors Full Federal Court decision: [2018] FCAFC 44 High Court of Australia – refusal to give leave to appeal: [2018] HCA Trans 190 Précis This case concerns the availability of marriage breakdown…

Div 293 Superannuation tax assessment notices to issue in December 2018 to individuals over the newly reduced ‘high’ income threshold – 15% tax on ‘low tax contributions’ (new notices with more info)

Tax Month - November 2018

On 27.11.18, the ATO advised that it will begin issuing superannuation Division 293 tax assessments in December 2018. The ATO said it has redesigned the notice of assessment for Division 293 tax to include further details to explain: what Div 293 tax is, why the additional tax applies, how much additional tax needs to be paid and what…

Placer Dome case in Hight Court – Barrick Gold loses $55m ‘land rich’ duty fight over it’s $15b takeover of the gold miner in 2006

Tax Articles

Australian Financial Review article, by Michael Belly, Legal Editor, 5 Dec 2108 (Paper, p2 of the 6.12.18 edition) See also: Tax Technical articles: Case Note; Seminar Slides   The West Australian tax commissioner hit Barrick Gold with “land rich” stamp duty on its $15 billion takeover of Placer Dome in 2006, and if the miner…