Webb Martin Consulting - Expert Tax Advice

The 2011 Federal Budget foreshadowed changes to the tax treatment of not-for-profits (NFPs). The changes included some worthwhile initiatives such as: -        Establishing from 1 July 2012 the Australian Charities and Not-for profits Commission as a ‘one stop shop’ for the support and regulation of the NFP sector; and -        Developing a standard definition of [...]

Click through to download summary of the Gillard Government Federal Budget, prepared by TaxBanter – our affiliate Tax Training provider. <Click here> to download a PDF Summary.

Neil Jones, Director of TaxBanter, will be presenting his expert analysis of the Federal Budget – live and online the morning after the budget is released. Tax Practitioners and business advisors should not miss this session! Click here to register.

Consideration of whether a trust “resettlement” has occurred has great importance in taxation (most notably for CGT purposes), however there is no clear guidance on what a “resettlement” constitutes due to the broad and varying circumstances in which it can occur. The Commissioner’s general position has been that a trust resettlement (in the sense of [...]

Click here to read our latest Newsletter summarising the Federal Government’s announcement last Friday about proposed changes to the taxation of trusts, namely allowing streaming of franking credits and capital gains.