Draft ATO guidance on 100A and UPEs: is everything awesome?
VCAT finds the sub-sale double duty provisions are triggered due to land development
The Victorian Civil and Administrative Tribunal’s (VCAT) decision in Hartman v Commissioner of State Revenue (Review and Regulation) [2022] VCAT 28 (Hartman Case) is a rare decision on the application of the sub-sale “double duty” provisions in the Duties Act 2000 (Vic) (Act).
A Guide To Understanding Land Tax: Part 2 Land held on Trust
Guardian AIT: section 100A – the end of the beginning?
Sladen Snippet - ATO decision impact statement on Addy ‘backpacker tax’ case
We have previously discussed Addy v FCT [2021] HCA 34 here. In this case, the High Court unanimously allowed Ms Addy’s appeal and found that a UK working holiday visa holder, who was a tax resident of Australia, was entitled to the tax-free threshold and taxation at the rate that applied to Australian resident nationals.
PCG 2021/4: the beginning of a ‘new world order’ for professional firm profits?
Sladen Snippet – Mental Health and Wellbeing surcharge on businesses with more than $10 million wages
A Guide To Understanding Land Tax: Part 4 Aggregation, Grouping and “Degrouping”
As discussed in Part 1 and Part 2 of this series, land tax is levied on the total taxable value of land held by a taxpayer in a particular jurisdiction. Land tax is then levied on a progressive graduated scale. That is, the higher the value of land that you own the higher the rate of land tax you pay.
A Guide to Understanding Land Tax: Part 5 Valuations
As discussed in this Land Tax Series, land tax is a state and territory tax levied on the total taxable value of land held by taxpayers in particular jurisdictions. Land tax is assessed on a calendar year basis on the land you own at midnight on 31 December.
Addy – taxpayer successful in the ‘backpacker tax’ case
The High Court recently allowed the taxpayer’s appeal in the case of Addy v FCT [2021] HCA 34 that concerned the so-called ‘backpacker tax’.
Multiple Party Investment Trust Structures – Part 1: Federal Taxes
Residency – Part 2: Individuals
Sladen Legal’s Tax Practice Recognised in Doyles Guide Victoria 2021
Sladen Legal has been recognised as a Third Tier Leading Tax Law Firm – Victoria, 2021 in the recently released Doyles Guide Victoria, 2021. Doyles Guide is a comprehensive and independent directory which showcases Australia’s best firms and lawyers.
A guide to understanding Land Tax Part 6: Principal place of residence exemption
Sladen Snippet – TD 2021/D5 genuine disposal restrictions in employee share schemes
Windfall Gains Tax - legislation released – certain concessions granted
In line with the 2021/22 Victorian Budget announcements and following targeted consultations with various stakeholders, the Victorian Government has recently tabled a Bill to introduce the windfall gains tax - Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 (Bill).
Legal Professional Privilege in the spotlight
Legal professional privilege (LPP) has once again become a topic of significant interest following the recent Full Federal Court decision of CUB Australia Holding Pty Ltd v FCT [2021] FCAFC 171 (CUB Decision) and the release of the draft LPP protocol from the Australian Taxation Office (ATO).
Certainty And Establishing A Trust
Taxpayer Alert TA 2021/2 – undeclared foreign income – ATO declares war
In 2014, the Australian Taxation Office (ATO) undertook the high-profile amnesty – Project DOIT – that allowed Australian taxpayers to voluntarily disclose (undeclared) offshore income in return for a range of ATO administrative concessions on the period-of-review, penalties, and shortfall interest.