Category Archives: Planning Stuff

More Wow!

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!!!

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

The end of salary packaging???

The Government has just released draft legislation in relation to the capping rules for¬†exempt fringe benefits that can be provided by¬†public hospitals, ambulance services, registered public benevolent institutions and registered health promotion charities. I should quickly say it is exactly … Continue reading

Posted in FBT, Planning Stuff, Tax Policy | Leave a comment

Part IVA and the Small Business CGT Concessions

I have been fearing this day for some time. A day when the Commissioner applies the general anti avoidance provision in Part IVA to a taxpayer who arranges a sale of a business to make the most of the Small … Continue reading

Posted in Cases, Planning Idea, Planning Stuff | Leave a 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

A great reminder with related party transactions

Section 82KK of the ITAA36 is one of those section that I knew existed once but have not thought about for years. This section applies where there is a timing mismatch in payments to associates so that income is recognised … Continue reading

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Capital losses and death… There still is some life in the losses

In relation to prior year net capital losses, if a deceased person had any unapplied net capital losses when they died, these can be taken into account in their final (date of death) return, but can’t be passed on to … Continue reading

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