Skip to content

Tag: tax

SA Land Tax: Minor Interests – Major Problems!

Under the new land tax laws passed late last year, landowners’ interests will be aggregated across both joint and individual ownerships. Minority ownership interests in properties will not therefore prevent…

One Page Guide to South Australia’s New Land Tax Changes

The SA land tax “battle” is finally over. The Government’s land tax reform Bill has received Royal Assent and the new measures will take effect from 30 June 2020.The new…

SA Land Tax: Amending Bill introduced into State Parliament

SA Land Tax Update: The SA Government introduced its controversial Land Tax (Miscellaneous) Amendment Bill 2019 to State Parliament on Wednesday, 16 October 2019.The SA Land Tax “Battle” Enters its…

Being a Non-Resident of Australia – What does that Really Mean?

It doesn't matter whether you live for 12 months in an apartment on the Champs-Elysées or for 6 months there and for 6 months on the Avenue Montaigne!Harding v Commissioner…

South Australia: Proposed Land Tax Changes

Very Taxing Times for Property InvestorsOn 9 September 2019, following the delivery of the State Budget on 18 June 2019, the SA Government released the much-anticipated draft of the Land…

Legal Professional Privilege is a Shield, not a Sword – Australian High Court backs ATO

Glencore International AG v Commissioner of TaxationOn 14 August 2019, in Glencore International AG v Commissioner of Taxation, all seven justices of the High Court of Australia unanimously dismissed Glencore’s…

Setting up companies and trusts proves a tax trap for winemakers

Winemakers can run into significant tax problems after transferring their businesses to a company or trust structure. While income tax relief may be available on the transfer of the business…

Could the ATO Inadvertently Become a Beneficiary Under Your Will?

Avoid the common misconception that no tax is payable on the transfer of assets on death to beneficiaries under a WillIt is commonly assumed that no tax is payable on…

You can run but you can’t hide—dealing with FATCA and CRS!

Were you born overseas or are you a citizen or tax resident of another country? If yes, you may have to pay tax in both Australia and overseas. You should…

Writing Testamentary Trusts into your Will

A Testamentary Trust allows for greater flexibility to fit your particular circumstanceSignificant wealth has been created in the current generation. Passing wealth to beneficiaries absolutely on death exposes the inheritance…

Displaying 10 / 15

Load More +