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Thinking| 18 Oct 2019
This week in Talking Tax we take a look at the High Court’s long-awaited decision in the Sharpcan appeal and the recently announced NSW land tax amnesty. We also consider a draft PCG on the ATO’s compliance approach to GST apportionment of acquisitions that relate to certain financial supplies and the ATO’s decision to appeal the Federal Court’s decision in the Glencore transfer pricing case.
Thinking| 22 Aug 2019
This week in Talking Tax we provide an update on an important decision from the High Court in relation to legal professional privilege and examine a judgment from the Federal Court about the application of the results test in the context of personal services income. Lastly, we reflect on a recently updated law administration practice statement relating to the ATO’s ability to recover tax debts from overseas debtors.
Thinking| 21 Jun 2019
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 […]
Thinking| 12 Mar 2019
Have you been assessed or think you might be assessed with a surcharge rate of duty or land tax as a foreign person? This article provides a background to the State tax surcharges, a summary of each State’s application of the surcharges and what you can do about it. Background Australia has proved to be […]