A closer look: Foreign Resident CGT Withholding
In short: The Income Tax Assessment Act 1997 (Cth) (“ITAA 97”) and the Tax Administration Act 1953 (Cth) (“TA 53”) have been amended by the Tax and Supera…
Transitional Capital Gains Tax Relief for SMSF’s
At this time, we are in what is referred to as a “transitional pre commencement period” which commenced on 9 November 2016, the day the Bill implementing…
Corporations Amendment (Crowd-sourced Funding) Bill 2016
A summary of the Corporations Amendment (Crowd-sourced Funding) Bill 2016, its key points and its current status. Background This Bill seeks to amend the…
Stamp duty throughout Australian States and Territories
NSW Duty Changes On 1 July 2016, the NSW Government abolished duty on transactions involving the following types of property: a) goodwill; b) intellectua…
Government initiatives
New Swiss agreement to tackle evasion It was announced on the 3 March 2013 by the Treasures that Australia and Switzerland had decided to increase coopera…
Involuntary rollover of superannuation benefits – new law
On 19 March 2015 the Tax and Superannuation Laws Amendment (2014 Measure No. 7) Act 2015 received Royal Assent. The Act contains in Schedule 4 the changes…