Issue #6
URGENT INFORMATION FOR ALL ENTITIES INVOLVED IN PROPERTY TRANSACTIONS AND THE MARGIN SCHEME
Brady King v FCT: Where to from here for the margin scheme?
It is critical that any property transactions that seek to apply the margin scheme be urgently reviewed.
It is possible that the decision in Brady King v FCT (18 February 2008) has [...]
Issue #5
FTE Amendments reversed - Why??
The trust loss measures contained in Schedule 2F of the Income tax Assessment Act 1936 have been the bane of practitioners now for many years. Why? Because of their complexity and lack of flexibility!
The recent amendments enacted under the Tax Laws Amendment (2007 Measures No.4) Act 2007 went some way [...]
Issue #4
Something for Nothing?
Issues with issuing shares & options to employees
Hardly a new issue, but the practice of issuing shares or options to employees is back on the ATO’s radar.
What is under the spotlight?
The high-income individuals project announced in the 2007/08 ATO Compliance Program has identified the under-reporting of income arising from employee share schemes [...]
Issue #3
Pay-roll Tax Reform - Imperfect Harmony
Victoria and NSW have kicked off the Pay-roll Tax (PRT) harmonisation project with the introduction of supposedly harmonised PRT laws effective 1 July 2007. The other States and Territories have indicated they will come on board as of 1 July 2008.Let us say at the outset that we think [...]
Issue #2
HAPPY ANNIVERSARY
SMALL BUSINESS CGT CONCESSION AMENDMENTS – 12 MONTHS ON
It seems like an eternity ago that the recommendations emanating from the Board of Taxation review of the small business CGT concessions were announced as part of the 2006/7 Federal Budget and subsequently enacted.
30 June 2007 marked the end of 12 months since the first [...]
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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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