Who Controls the Company?

Tax Ruling 2018/5 and the central management and control test of residency What’s the ruling and what’s it about? Tax Ruling 2018/5 (‘TR 2018/5’) relates…

First Home Buyers Assistance Scheme

The New South Wales First Home Buyers Assistance Scheme provides eligible people seeking to purchase their first home with both grants and concessions Wha…

Revenue Ruling No. DUT 047

As of 1 July 2018, new GST withholding rules apply in relation to the supply of new residential premises. These new rules require purchasers to remit GST…

ATO Draft Determination 2018/D3: Tax Implications for Trust Split Arrangements

Draft Taxation Determination TD 2018/D3 (‘TD 2018/D3’) outlines the Commissioner’s preliminary view that a trust split arrangement as described in the det…

Commissioner’s Guidance on Stamp Duty and Land Tax Surcharges.

On 5 July 2018 the NSW Commissioner of State Revenue issued Commissioner’s Practice Note No. CPN 004 (‘CPN 004’). CPN 004 relates to surcharge purchaser d…

GST Withholding: Changes to GST for New Residential Premises

From 1 July 2018 new GST withholding rules will apply on the sale of new residential premises. Background The Commonwealth Government is introducing new l…