Monthly Archives: November 2014
A great reminder with related party transactions
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
A withholding tax nightmare starts in 2016…
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
“Buy our properties in an SMSF”
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
Gloxina GST idea is now 110% dead…
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
The end of tax policy?
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
