Monthly Archives: November 2014

A great reminder with related party transactions

Posted on November 27, 2014 by

Section 82KK of the ITAA36 is one of those section that I knew existed once but have not thought about for years. This section applies where there is a timing mismatch in payments to associates so that income is recognised … Continue reading →

Posted in Income Tax, Planning Idea, Planning Stuff | Leave a comment

A withholding tax nightmare starts in 2016…

Posted on November 26, 2014 by

As we have looked at before, the previous government announced it was going to introduce a new non-resident withholding tax. This would apply where a taxpayer buys certain CGT assets from non-residents. Unfortunately, late last year the current government confirmed … Continue reading →

Posted in Income Tax, Tax Policy | Leave a comment

“Buy our properties in an SMSF”

Posted on November 25, 2014 by

Very interesting… In a Media Release, ASIC has announced that it has commenced proceedings to prevent a property investment promoter from promoting the use of Self Managed Super Funds to purchase investment properties. ASIC claims to have evidence of where this entity has … Continue reading →

Posted in Super | Leave a comment

Gloxina GST idea is now 110% dead…

Posted on November 13, 2014 by

Following the 2010 Gloxina case I have had a lot of people tell me they have a great way to avoid developers having to charge GST on the new residential premises they build. You have heard the same line… Well … Continue reading →

Posted in GST, Rulings | Leave a comment

The end of tax policy?

Posted on November 10, 2014 by

Bill Shorten today said what is probably the worst tax policy statement I have ever heard… “If Tony Abbott wants to increase taxes – be it petrol, be it GST – he should take it to an election,”… If this … Continue reading →

Posted in Tax Policy | Leave a comment