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Talking Tax – Issue 169

Thinking| 11 Sep 2019

Talking Tax – Issue 169

This week in Talking Tax we look at the availability of the Foreign Income Tax Offset for capital gains that are excluded from the taxpayer’s assessable income by the 50% CGT discount. We also consider a case dealing with the confidentiality provisions contained in Division 355 of the Tax Administration Act 1953 (Cth) and a Federal Court decision concerning the availability of Input Tax Credits and decreasing luxury car tax adjustments.

Talking Tax – Issue 160

Thinking| 21 Jun 2019

Talking Tax – Issue 160

PCG 2019/4 and the practical implications for retirement village operators The Australian Taxation Office released Practical Compliance Guideline (PCG) 2019/4 on 12 June 2019 which explains the Commissioner of Taxation’s compliance approach to how certain liabilities (i.e. ‘lease surrender liabilities’ and/or ‘increase entry price’ liabilities) are to be treated when a retirement village operator leaves […]

Talking Tax – Issue 157

Thinking| 22 May 2019

Talking Tax – Issue 157

Decision in Paule & Ors v FCT appealed The taxpayers in Paule & Ors v FCT [2019] FCA 394 have appealed to the Full Federal Court. In this case, Justice Thawley in the Federal Court held that a capital gain made on the disposal of shares acquired through a sequence of roll-overs was not a […]

Talking Tax – Issue 154

Thinking| 29 Mar 2019

Talking Tax – Issue 154

Inbound distributors: new ATO guideline on transfer pricing risk framework On 13 March 2019, the Australian Taxation Office (ATO) released a Practical Compliance Guideline PCG 2019/1 (Guideline) on its approach to identifying potential transfer pricing issues for existing and new inbound distribution arrangements involving multi-national entities (MNEs). The Guideline sets out the ATO’s framework for […]

Talking Tax – Issue 151

Thinking| 08 Mar 2019

Talking Tax – Issue 151

Welcome decision for expats: Harding appeal clarifies meaning of ‘non-resident’ In Harding v FCT [2019] FCAFC 29, the Full Federal Court allowed the taxpayer’s appeal, finding that an Australian living and working in the Middle East was not an Australian tax resident. This case is a welcome development for expatriates currently working or seeking to […]