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Tax| 17 Dec 2020
The Full Federal Court in Commissioner of Taxation v Healius Ltd  FCAFC 173 has overturned the Federal Court’s decision, determining that $158 million worth of lump sum payments made to medical practitioners were capital in nature and unable to be deducted.
Private Clients| 19 Nov 2020
As 2020 nears to a close, advisors should note the impending 31 December deadline in NSW to exclude foreign persons as beneficiaries of discretionary trusts, to prevent these trusts from becoming foreign persons for the purposes of surcharge duty and land tax.
Tax & Superannuation| 13 Nov 2020
In this issue, we cover the latest tax residency case of Gurney and CoT and guidance materials released by the ATO in relation to GST, transaction accounts and Australia’s international tax treaties. We also cover draft legislation to implement ...
Tax| 15 Oct 2020
Not a lot of thought is often given to the tax consequences, if any, of compensation payments following the Banking Royal Commission and the Hayne Report, even now that we are two years on from the Commission.
Tax & Superannuation| 13 Oct 2020
In this issue of Talking Tax, we consider the meaning of an active asset in the decision in Eichmann v Commissioner of Taxation. As well as revisit the meaning of declaration of trust in the case of Benidorm v CCSR ...