Tax Records
Tax Records is back for another season, with our experts unpacking key tax issues shaping business and investment decisions. From R&D tax incentives to cross-border gifts and property development, they highlight ATO focus areas, common risks and how to stay on the right side of the rules.
Listen to full episodes of Smarter Lawcast with Hall & Wilcox on Spotify, Apple Podcasts, Castbox or YouTube.
Property development tax: capital vs revenue rules
Jacqueline McGrath and Adam Dimac unpack the capital versus revenue distinction in property development and why it remains a key ATO focus. They explore recent cases, common risk areas and practical steps, like strong documentation, to help manage risk.
Are gifts of money from overseas taxable in Australia?
Sophia Wang and Frank Hinoporos explore when money received from overseas relatives is truly a gift for Australian tax purposes, and when it may attract scrutiny from the ATO. They highlight key red flags, what the ATO looks for, and why clear documentation, including a deed of gift, is critical to reducing risk.
What to consider when claiming the R&D tax incentive in Australia
Gloria Lim and Ruby Wensor look beyond core eligibility requirements to unpack the broader risk and governance considerations for businesses claiming the R&D tax incentive in Australia. They explore ATO focus areas, commercial arrangements that can affect R&D claims, the relevance of considering R&D claims in a transaction context, and why legal oversight can make all the difference.
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