Category Archives: Planning Stuff

The End of Salary Packaged Super

Posted on January 25, 2017 by

From 1 July 2017 I cannot understand why anyone would salary package super in addition to the 9.5% SG their employer is required to pay for them. Now I am not saying that it is not worth using up an … Continue reading →

Posted in FBT, Planning Stuff, Uncategorized | Leave a comment

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 →

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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

Innovation Tax Changes

Posted on December 9, 2015 by

Why does “innovation” have anything to do with tax changes? In the Government’s Innovation Statement most of the expenditure is making tax changes. Tax is a revenue raising device… Not a method to change people’s actions. When you use tax … Continue reading →

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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