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Traveling while “on call”

I’m “on call” so my travel to and from work is not private… Wrong… Sometimes… According to Draft Taxation Ruling TR 2019/D7, titled “Income tax: when are deductions allowed for employees’ transport expenses?”, travel of an employee while ‘on call’ may not be private, even if it is between home and a regular place of work. Importantly, […]

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Imputation and Base Rate Entities

How many franking credits can I attach to this dividend, 30% or 27.5%? I have been asked this question countless times since we introduced Base Rate Entities and the lower company tax rate of 27.5%. It is not a hard question to answer, but the Commissioner has made the answers easier by finalising Law Companion Ruling LCR […]

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Gloxinia dies – finally

In my small town (Canberra) we love property development which we can sell to well paid public servants. But there is something strange about Canberra (more than one thing but stay on point Ken). We don’t own our land, we lease it off the government for 99 year. And after the Gloxinia case (Commissioner of […]