Jacinta’s current practice includes direct and indirect taxes, business transactions, corporate restructuring, taxation disputes (including pre-audit, audit and litigation), the not-for-profit sector and trusts.
She has acted for clients of all sizes, including clients from private and public companies, small and medium enterprises, high-net-worth individuals and family groups.
- Preparing objections to amended assessments and private ruling applications in relation to a wide range of direct tax issues.
- Managing a complicated taxation dispute with complex trust income and fraud and evasion issues on behalf of a taxpayer.
- Managing all aspects of a long-running taxation audit for a high-net-worth family.
- Preparing rollover documents in the restructure of a client’s business.
- Advising on the taxation implications of various transactions.
- Preparation of yearly trust income distribution minutes and trust variation documents.
- Establishing private and public ancillary funds for a number of high-net-worth families, individuals and companies, and providing advice regarding their ongoing operation.
- Establishing a significant public charitable organisation.
- Drafting a submission to treasury for a client to be a listed DGR in the tax legislation.
Thinking | 20 Jan 2020
The dividing line between capital and revenue expenditure has long been murky, despite approximately 50 years of guiding principles, and in late 2019 Draft Taxation Ruling 2019/D6 was released. The Commissioner’s view is now clear: labour costs incurred for constructing or creating tangible and intangible capital assets are capital in nature. Noting the retrospective application of the draft ruling, it will be very important to consider the tax treatment of labour costs related to capital or of a capital nature for the income years which are still within the limited amendment periods.