In 2 separate AAT decisions, a married couple was unable to prove their claims for various rental property deductions. The couple claimed deductions in the 2013 income year in respect of 6 rental properties in Sydney they owned jointly. Before the AAT, the outstanding issues were deductions for interest ($84,986 each), capital works ($1,874 each)…
In a lengthy case, the AAT has affirmed the Commissioner’s decision to revoke registration of a charity in relation to subtypes 7 (protecting human rights) and subtype 13 (health promotion charity). Under the ACNC Act and Charities Act, the taxpayer was registered as an entity for advancing health (Item 1), entity for promoting or protecting…
The AAT has found a taxpayer company did not provide an approved valuation for the purposes of the GST Act when applying the margin scheme to calculate GST payable on the supply of subdivided lots. The taxpayer and another company are trustees of the PRS Unit Trust. The other company acquired land for subdivision, and…
On 7 December 2017, the Assistant Minister to the Treasurer: the Hon Michael Sukkar, announced that Hon Dr Gary Johns has been appointed as the full-time Commissioner of the Australian Charities and Not-for-profits Commission (ACNC) for a five-year period. The ACNC is the national regulator of charities, established by the Australian Charities and Not-for-profits Commission…
The Judiciary Amendment (Commonwealth Model Litigant Obligations) Bill 2017 was introduced into the Senate, as a private members bill on 15 November 2017 and on 7 December 2017 the Senate referred it to the Senate Legal and Constitutional Affairs Legislation Committee for inquiry and report by 8 May 2018. The Bill, proposes to: amend the Judiciary Act 1903…
On Thursday 7.12.17, the Government introduced the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 in the Senate. The Bill is designed to create a single whistleblower protection regime in the Corporations Act, to cover the corporate, financial and credit sectors, and create a new whistleblower protection regime in the taxation law, to protect those who expose…
The Land Tax Amendment Bill 2017 (Tas) has now passed all stages without amendment and awaits Royal Assent. It amends the Land Tax Act 2000 to adopt a “fairer, simpler and taxpayer favourable approach” to the apportionment of the assessed land value of principal residence land between principal residence land and general land. The Bill…
On Thur 7.12.2017, the House of Representatives agreed to amendments made by the Senate (that were moved by Senator Leyonhjelm) to the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No 1) Bill 2017 and the Bill effectively awaits Royal Assent. The other Bill in the package – the First Home Super Saver Tax Bill…
Message from the Chair I am pleased to present the Tax Practitioners Board Annual Report 2016–17, as tabled in Parliament on 27 October 2017. During this year we assisted a larger population of tax practitioners to comply with the Tax Agent Services Act 2009, promoting high professional and ethical standards that protect consumers of tax agent…
Outlines the ATO’s response to this case which concerns whether supplies of air ambulance services were GST-free pursuant to subsection 38-10(5) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)? Brief summary of facts The defendants, Dieter and Lieselotte Siewert (the Siewerts), were the owners of a number of aviation…