Pioneering thought — Sladen Legal
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Is your Airbnb property eligible for the small business CGT concessions?

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Is your Airbnb property eligible for the small business CGT concessions?

With land tax rate increases and surcharges imminent as a result of the Victorian State Budget for the 2023-2024 year (see our article here), Victorian landowners may be reconsidering their investment property portfolios and the merits of selling versus keeping.

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Sladen Snippet - The Krongold appeal – VCAT’s jurisdiction to hear matters involving federal legislation remains restricted

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Sladen Snippet - The Krongold appeal – VCAT’s jurisdiction to hear matters involving federal legislation remains restricted

On 17 August 2023, the Court of Appeal in the Victoria Supreme Court handed down its decision in Krongold v Thurin [2023] VSCA 191. This decision is a further instalment in a long running domestic building dispute between homeowners, David and Lisa Thurin (Thurin) and their builder, Krongold Constructions (Aust) Pty Ltd (Krongold).

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Payroll tax crackdown on medical and allied health practices continues – revenue authorities release rulings

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Payroll tax crackdown on medical and allied health practices continues – revenue authorities release rulings

Employers and business entities must pay payroll tax in relation to wages paid to its employees. In addition, such entities must pay payroll tax in relation to contractors engaged under “relevant contracts”.

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AAT strikes a blow against the ATO’s NALI crusade

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AAT strikes a blow against the ATO’s NALI crusade

The ATO has taken an aggressive approach on non-arm’s length income (NALI) for a number of years now, both in its public documents and via its audit teams. This has culminated in an approach that puts a high expectation on SMSF’s in relation to proving arrangements are on an arm’s length basis – in particular, in relation to benchmarking such arrangements.