Issue #16
If there is one area of GST it is crucial to understand, it is GST and Property.
Rules have constantly evolved since introduction, culminating in a raft of changes towards the end of 2008, with some interpretations dramatically changing from the initial views of the ATO. It is essential to get to know the current [...]
Issue #15
An amusing side effect of the Government’s Nation Building and Stimulus Packages is the flurry of calls to tax agents to get 2008 tax returns lodged ASAP.
In addition to the much discussed ‘working Australians‘ payment (which could well be paid to a non-working Australian) there are a number of other initiatives in particular those [...]
Issue #14
GST Margin Scheme Changes
Urgent: Potential Window of Opportunity for Property Developers
We refer to announcements in the Federal Budget 2008 that changes would be made to the margin scheme where property is acquired via a non-taxable supply (eg. as a supply of a going concern, or farm land, or from associates). See our newsletter “ [...]
Issue #13
Urgent: Property Developers & GST
Critical ATO change to dealing with GST credits where properties are built for sale, cannot be sold and instead are rented pending sale.
The ATO has just released an ATO ID which significantly changes the public position advocated since the inception of GST dealing with how to treat input tax credits [...]
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The Assessment - Brady King Appeal - Full Federal Court decides GST issue in favour of developer
Issue #12
*** Breaking News ***
Brady King Appeal - Full Federal Court decides GST issue in favour of developer
This morning the Full Federal Court handed down its decision in Brady King Pty Ltd v FCT. The decision was an appeal from Middleton J’s decision (discussed in The Assessment - Issue 6 (Mar 2008)).
The Full Court allowed [...]
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The Assessment
- The Assessment gives us the opportunity to provide you with a practical and informative take on a topical tax issue. As we like to say, "This is one Assessment you will enjoy receiving."
- BAMFORD - What the Commissioner Thinks
- 2010 Federal Budget Summary
- FCT v Bamford – High Court orders “steady as she goes”
- The ATO Redefines the Rules of The Game
- Employee Share Schemes - Less “screaming” AND less “scheming”?
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