Category Archives: Legislation

Newish Tax Concession For Farmers

The Government has released draft legislation that makes certain tax concessions available to farmers even better than they currently are. In the draft legislation, the Government proposes to make the following changes to the Farm Managed Deposit scheme (and a … Continue reading

Posted in Income Tax, Legislation, Planning Idea, Planning Stuff | 1 Comment

Wow! I mean wow!!! Like wow!!!

In the May budget the government promised a new rollover for small businesses that allowed them to change their structure without (federal) tax effects. The Treasury has released a draft of this rollover and it is amazing. Listen to this… … Continue reading

Posted in Budget, Income Tax, Legislation, Planning Idea, Planning Stuff | 2 Comments

Earnouts – the wait is over

A long, long time ago in a Tax Office far, far away… After waiting 6 and a half years the Treasury has finally drafted some legislation to fix up how capital gains tax concessions apply to earnouts. But just a … Continue reading

Posted in Legislation, Rulings | 1 Comment

Start up Employee share scheme just got fun….

We have blogged about this before but we now have some draft legislation that will make 1 July 2015 lots of fun for advice to start up companies. While this draft legislation makes other changes as well**, this will also … Continue reading

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

What are we waiting for in tax and super – Announced but unenacted changes…

Next year we will be looking at a Government White paper on reforming the tax system (what did I do in 2008 on the Henry Review?!?!?!). And this time we will review the tax system with failing public finances. But … Continue reading

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The End of Excess Contributions Tax Mark 2

In the Tax and Superannuation Laws Amendment (2014 Measures No 7) Bill 2014 we finally get the final rules that will allow the refund of excess non-concessional contributions. We have discussed this change when it was released as draft legislation. But the final legislation … Continue reading

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A new”ish” CGT rollover

The Government has introduced Tax and Superannuation Laws Amendment (2014 Measures No. 6) Bill 2014 into the Parliament. Most of the amendments in this Bill will be of no consequence for the majority of taxpayers. However, as a part of … Continue reading

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