On 13.12.19, the AAT found against a taxpayer on income tax and GST assessments, because he did not produce sufficient evidence to substantiate his contentions. See below for a summary of the case. [Tax Month – December 2019]
The Full Federal Court has dismissed the ATO’s appeal against a decision that the trustee of a family trust was not presently entitled to income of another trust that was a public trading trust. See below for a summary of the case. [Tax Month – December 2019]
On 16 December 2019, the Full Federal Court ruled in favour of the Australian Taxation Office (ATO), in two separate cases, agreeing that a particular ‘horse racing club’ and a ‘state racing board’ were required to pay superannuation contributions, on amounts they pay to jockeys, for riding the horse. See below for a summary of…
On 18 December 2019, e-commerce giant: Google announced that they have settled their dispute with the ATO for an additional $481m and on the same day the ATO posted an article reporting this and putting it’s own spin on the background. See below for the ATO post. [Tax Month – December 2019]
On 18 December 2019, the Australian Taxation Office (ATO) posted that it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high value motor vehicles and aircraft. See below for further details from the ATO’s post. [Tax Month – December…