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

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

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