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Thinking posts
17 results17 results
Private clients| 13 Jul 2020
Act now! Foreign surcharges for trusts holding NSW residential property
The NSW Government’s changes to surcharges for ‘foreign persons’ for duty and land tax are now law. These changes apply to NSW residential land held by discretionary trusts.
Tax and superannuation| 04 Jun 2020
Debt forgiveness in a COVID-19 environment
The COVID-19 restrictions are slowly easing but the economic impacts are far from over. While businesses struggle to find ways to free up cash, it is likely we will see restructuring of loans and waiving of debts. Taxpayers and their ...
Tax and superannuation| 04 Jun 2020
Directors beware – companies can pierce the corporate veil
As we know, the Federal Government has implemented a package of changes to Australian insolvency and bankruptcy laws to provide relief from the economic impacts of COVID-19. There are some who consider that the measures, together with other schemes such ...
Tax and superannuation| 04 Jun 2020
Property tax issues arising from COVID-19 arrangements
The COVID-19 shutdown has had a devastating impact on residential and commercial property arrangements. For landlords and tenants, the Government has supported an ‘everyone shares the pain’ framework to alleviate cash flow pressure on both sides. The legal framework has ...
Tax and superannuation| 04 Jun 2020
Bad debts deductions – what you need to know
COVID-19 has had a debilitating effect on many sectors of the economy and unfortunately, the coming 12 months will see more businesses in financial distress and an uptick in business insolvency. In such an environment, the commercial reality is that many ...