Removal of Main Residence Capital Gains Tax Exemption for Foreign Residents
With the release of the 2017-18 Budget in May of last year, the Australian government announced plans to not only strengthen ‘the integrity of the capital…
The Consequences of a Trust Vesting
In December 2017 the ATO published a draft taxation ruling outlining the various consequences that may arise out of the vesting of a trust. Taxation Ruli…
The Use of Reserves by Self-Managed Superannuation Funds
SMSFRB 2018/1: The Use of Reserves by Self-Managed Superannuation Funds The Commissioner of the Australian Taxation Office (ATO) has recently placed great…
Aussiegolfa and the Sole Purpose Test
In Short: the court has warned trustees that SMSF’s cannot be used for anything other than providing retirement benefits for its members. The Feder…
A guide to excluding foreign beneficiaries
In Short: Foreign persons purchasing residential land in New South Wales, Victoria and Queensland will now have to pay an additional surcharge. In NSW, up…
Sale of Medical Practices – Implications for Doctors
Background Commissioner of Taxation v Primary Health Care Limited [2017] FCAFC 131 was an appeal by the Commissioner of Taxation (“the Commissioner”) from…