Category Archives: Planning Idea

More on the Small Business Rollover

Posted on April 5, 2016 by

Yes I am way too excited about this… But the Commissioner has produced his first two bits of guidance on using this rollover. In the first he looks at the consequences of using the rollover. This is all pretty simple stuff … Continue reading →

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

Small Business Restructure Rollover and Stamp Duties

Posted on March 3, 2016 by

I have discussed this rollover before so if you have no idea what I am talking about have a look at these links first. The rollover is very broad, applying to CGT assets, revenue assets, trading stock and depreciable assets. … Continue reading →

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

The Small Business Restructure Rollover is now before the Parliament!

Posted on February 5, 2016 by

Its almost law!!!! Under this Bill, from 1 July 2016, small businesses can roll-over “active assets” that are CGT assets, trading stock, revenue assets and depreciating assets as part of a genuine restructure of a small business from one entity … Continue reading →

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

Newish Tax Concession For Farmers

Posted on November 27, 2015 by

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

And so there is another scheme to avoid Division 7A

Posted on November 13, 2015 by

A few weeks after 4 December 1997 I was told about my first Division 7A avoidance idea. And by mid 2008 the first amendment to Division 7A came about to undo this idea (the old section 109UB to stop trusts … Continue reading →

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

More Wow!

Posted on November 6, 2015 by

I was thinking about yesterday’s post and I have a strange thought. If I have a CGT asset owned by a company I am not going to get the CGT discount. But if I use the rollover from yesterday’s post … Continue reading →

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

Wow! I mean wow!!! Like wow!!!

Posted on November 5, 2015 by

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