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Sladen Snippet - ATO to resume super guarantee compliance action

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Sladen Snippet - ATO to resume super guarantee compliance action

In a recent industry forum, the ATO confirmed they will be resuming superannuation guarantee (SG) compliance action following a pause due to COVID-19. The ATO indicated they have a considerable backlog of SG compliance cases as a result of COVID-19, which they are now working through.

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Sladen snippet – Land tax surcharge triggered due to defective saving clause in the trust deed

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Sladen snippet – Land tax surcharge triggered due to defective saving clause in the trust deed

Many state and federal taxing provisions provide different tax outcomes on the trustees of trusts depending on what type of trust is involved. One example of this is contained in the NSW land tax rules which provides for a land tax surcharge on unit trusts that are “special trusts” rather than “fixed trusts”.