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Category Archives: Planning Stuff
The End of Salary Packaged Super
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
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More on the Small Business Rollover
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
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Small Business Restructure Rollover and Stamp Duties
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
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The Small Business Restructure Rollover is now before the Parliament!
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
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Innovation Tax Changes
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
Posted in Income Tax, Legislation, Planning Stuff, Tax Policy
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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
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And so there is another scheme to avoid Division 7A
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
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