Category Archives: Uncategorized

A paper on the proposed changes to Division 7A

If you want more analysis of the Treasury’s proposed changes to Division 7A in its October 2018 paper, and lots of complaints about how they have handled the process and the outcomes, I have written a paper on it that … Continue reading

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Division 7A – Changes, changes and more changes proposed to start from 1 July 2019

The Government has promised a series of changes to Division 7A and we have finally got an idea of what these changes will be.  Remember this is just a discussion paper, but I am confident these all will occur. Change … Continue reading

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No deductions for expenses related to holding vacant land

On Budget night in May the Treasurer indicated there would be changes from 1 July 2019 that would deny some deductions for expenses related to holding vacant land. In Exposure Draft – Treasury Laws Amendment (Measures For A Later Sitting) Bill … Continue reading

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Yes, changes to company tax rates again…

But not for a few years… As we have previously discussed here, there are two company tax rates. They are 30%, or if the company has an aggregated turnover under $50m ($25m last year) and has less than 80% of … Continue reading

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Everatt assignments and the SBCGT concessions

We now have Exposure Draft legislation that proposes to prevent the small business CGT concessions from being available for assignments of the income of a partner and other rights or interests in the income or capital of a partnership that … Continue reading

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Do your homework when working from home

Last year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’ which includes expenses related to working from home. This worries the Commissioner… Technology-driven changes to the employment market are seeing record numbers of Australians … Continue reading

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Small Business CGT Concessions Anti Avoidance Measures Bill Passes Parliament

We finally have some long-feared changes to the small business CGT concessions. These are in the Treasury Laws Amendment (Tax Integrity and Other Measures) Bill 2018 and have now passed the Parliament. These changes propose to add additional basic conditions for … Continue reading

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