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Federal Budget incentives for medical and biotech industries

Tax| 18 May 2021

Federal Budget incentives for medical and biotech industries

In a bid to incentivise Australian innovation in the medical and biotech industries, the Federal Treasurer has announced in this year’s Budget that Australia will adopt a ‘patent box’ system, in line with many other jurisdictions.

Federal Budget 2021-22: what does it mean for you? Commentary from our tax experts

Tax| 12 May 2021

Federal Budget 2021-22: what does it mean for you? Commentary from our tax experts

The Budget 2021-22 is focused on securing Australia’s recovery.

Talking Tax – Issue 195

Tax| 19 Mar 2021

Talking Tax – Issue 195

In this issue of Talking Tax, we consider the case of San Remo Heights Pty Ltd v Commissioner of Taxation [2020] AATA 4023.

Some things stay the same, but the numbers have changed: Draft PCG 2021/D2 – Allocation of professional firm profits

Tax| 12 Mar 2021

Some things stay the same, but the numbers have changed: Draft PCG 2021/D2 – Allocation of professional firm profits

In December 2017, the ATO suspended its guidelines on the risks surrounding the allocation of profits within professional firms.

NSW: Australia’s ‘build-to-rent’ state

Property & Projects| 20 Oct 2020

NSW: Australia’s ‘build-to-rent’ state

The absence of an Australian ‘build-to-rent’ market has been a hot-button issue for a number of years. However, murmurings about 'build to rent' have more recently developed into enthusiastic chatter and gained genuine traction, with NSW leading the way.