Category Archives: Tax Policy

Please Fairfax, think…

Once again Fairfax journalists are showing how little they know about tax. Recently, the master of the tax mistake, Michael West, wrote about some recent tax amendments that have been blocked in the Parliament… The second is an amendment to … Continue reading

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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

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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

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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

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The negative gearing myth exposed

If we stopped negative gearing on 1 July 2015 it would reduce the budget deficits across the next four years by $2.94 billion. Sounds amazing… The budget deficits over the next four years are well over $80 billion combined! Can … Continue reading

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A fundamental change to Division 7A (stuck in a review for another year!?!?)

You can’t just say this and do nothing… The Government has FINALLY released the very long awaited post implementation review into Division 7A . This review started in 2012 and was to be the place where the Government, through the Board … Continue reading

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Div 7A and UPEs – The Assistant Treasurer Chickens out

I will write more about the Board of Tax report on Division 7A tonight, but I just sent this to the Assistant Treasurer… I refer to your press release of today. We have been waiting for you to release the … Continue reading

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