Sladen Snippet – Date to fix up non-commercial LRBA loans extended to 31 January 2017
Foreign trusts and foreigner duty surcharge
In March 2016, Foreign trusts and foreigner duty surcharge written by Sladen Legal's Phil Broderick was published in the Tax Institute’s Journal, Taxation in Australia.
Sladen Snippet - Court interprets ‘economic entitlement’ stamp duty provisions in favour of developer
The Supreme Court of Victoria has recently handed down the first decision interpreting the ‘economic entitlement’ provisions in the Duties Act 2000 (Vic) (Duties Act). These provisions were introduced in 2012 as part of the shift from a “land rich” to a “landholder” model for assessing duty in Victoria on the acquisition of interests in certain land owning entities.
Sladen Snippet – Back to the future – public trading trust rules will not apply for super funds from 1 July 2016
Sladen Snippet - Lawyer's immunity from suit
Australia has for a long time been one of the only common law countries to enshrine a lawyer’s immunity from suit. The common law principle provides lawyers with an immunity from any claim made against them for negligence arising out of their conduct of a Court case and/or work undertaken outside of Court that results in a decision affecting the conduct of the case in Court.
The ATO’s administrative treatment of acquisitions and disposals of interests in ‘no goodwill’ professional practices
The ATO has recently released guidelines on its administrative treatment for the application of certain tax issues when interests in ‘no goodwill’ professional partnerships, trusts and incorporated practices (practices) are acquired or disposed.
Sladen Snippet – super changes in the 2016 Budget
It’s hard to know what to do with a budget handed down by a Government that will not have enough time to pass any measures before it goes into an election. Do you follow the current laws or the laws as they are proposed to be changed in the future (if the Government is re-elected and if it can pass the measures in the newly constituted parliament)? That is the situation we currently find ourselves in with the proposed super changes and in particular the lifetime non-concessional contributions cap.