Author Archives: Ken Mansell

Everyone (well almost everyone) accepts the Australia has a public finance problem. Even those who have previously argued that our public debt levels are acceptable have begun to argue for changes to fix up our public finances. And recently the … Continue reading →

Today Bill Shorten will announce… … a minimum 30% tax on trust distributions to those over 18 years old The only exemption we will get in the speech is that… …it does not apply to charitable, testamentary, deceased or farming … Continue reading →

On budget night this year the government announce two new changes to super, both relating to housing. And we now have draft legislation for both. The first is called the First Home Super Saver Scheme (or FHSSS – now that … Continue reading →

As part of the May Budget, the Government announced reforms to the operation of the CGT rules for foreign residents. One of these reforms is to remove the entitlement to the CGT main residence exemption for foreign residents that have dwellings … Continue reading →

The Commissioner has released a Practical Compliance Guideline to help those who used PS LA 2010/4 to sort out their UPEs to corporate beneficiaries 7 years ago. PSLA 2010/4 states that the Commissioner will not treat the UPE to the corporate … Continue reading →

In the Budget the Government announced a change to tax depreciation. They have now released draft legislation implementing this announcement. So what does this mean for those with rental properties and those who produce tax depreciation schedules… A lot! Under … Continue reading →

If you read the newspapers it is those evil multinationals. But a recent speech by the Commissioner might dispel that myth. Have a look at these quotes: The first cab off the rank will be the large market corporate tax gap … Continue reading →