Author Archives: Ken Mansell

About Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

We have tax legislation…

It has been a while but the Government is back with some new law. Yes I know we had the changes to the personal tax rates, but that was boring (changes to rates and thresholds). Now we have some real … Continue reading

Posted in Uncategorized | Leave a comment

Contradiction – A combination of statements, ideas, or features which are opposed to one another

The Commissioner has shown us his ability to bend and twist in relation to the FBT exemption that applies to taxi travel by an employee beginning or ending at the employee’s place of work. He states that the exemption is … Continue reading

Posted in Uncategorized | Leave a comment

When does a company carry on a business?

This is an important question, primarily for the small business entity concessions which require the entity to be carrying on a business. It is also important for applying the lower company tax rate before 1 July 2017, when a company … Continue reading

Posted in Uncategorized | 1 Comment

New powers for the Commissioner if he is concerned you won’t pay your tax

In a new Bill before Parliament (Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019) the Commissioner gets some new powers. First, this Bill will allow the Commissioner to retain tax refunds where a taxpayer has failed to lodge a return … Continue reading

Posted in Uncategorized | Leave a comment

Buying listed shares in a company?

I know, I know… This is a stupid idea as you lose the CGT discount… But remember that the discount could be 25%, not 50%, if there is a change in Government in May. And the highest marginal tax rate … Continue reading

Posted in Uncategorized | Leave a comment

If I don’t exist you can’t tax me…

In country Victoria, when they get caught for not lodging tax returns, they try (and fail) to avoid having to do so by arguing they do not exist. Has he ever heard of “Cogito, ergo sum” (I think therefore I … Continue reading

Posted in Uncategorized | Leave a comment

Proving deductions for home office expenses, mobile phones and internet

Sometimes it is good to remember the basics, especially when the Commissioner is focusing on it. So lets go back to 2001 and have a look at one of my favourite Practice Statements – Practice Statement Law Administration PS LA 2001/6 Verification approaches … Continue reading

Posted in Uncategorized | 1 Comment