Healius: Full Court finds payments to doctors not deductible
The Full Federal Court in FCT v Healius [2020] FCAFC 173 has upheld the Australian Taxation Office’s (ATO) appeal of the Federal Court decision in Healius v COT [2019] FCA 2011 which considered whether lump sum payments made by a medical centre to its doctors were assessable on revenue or capital account.
Defining the beneficiaries of a discretionary trust
Tax Traps in CGT Rollovers
Many business owners may be considering a restructure, merger, or demerger in the current economic environment to adapt, sustain, or promote growth in these tumultuous times. A change in a corporate structure typically entails either the change of ownership interests in the entire business or the transfer of specific assets of the business.
Tax Traps In CGT Rollovers
Sladen snippet – late contributions cannot be offset – employer must make contributions twice
Sladen snippet - ATO releases PSLA on how it will administer SIS Act penalties
Sladen Snippet - ATO Reminds Crypto Holders of CGT Liabilities
“Stamping” Of Trust Deeds In Victoria
SMSF Update – Your Ultimate 2020 Review and Forecast
SMSF Update – Your Ultimate 2020 Review And Forecast
Sladen Snippet - Is a valuation required for land transfer (stamp) duty calculations? – SRO updates guidance
Important Tips and Traps of Small Business Structuring
Budget: tax changes to recovery
Pike: Full Court applies DTA and finds taxpayer is not an Australian tax resident
Over the last 18 months several decisions of the Administrative Appeals Tribunal, Federal and Full Federal Courts considered the application of Australian tax residency laws including Harding v FCT [2019] FCAFC 29, FCT v Addy [2020] FCAFC 135, Stockton v FCT [2019] FCA 1679, Handsley v FCT [2019] AATA 917 and Coelho v FCT [2020] AATA 2474.
Defining the beneficiaries of a discretionary trust
Model agency found to be an employment agent for payroll tax purposes
An employment agency contract involves a contract between two parties where one of the parties (the employment agent) procures the services of a person for a client. The relevant test is whether the employment agent provided individuals who would comprise, or who would be added to, the workforce of the client for the conduct of the client's business.
JobKeeper 2.0 is go!
ATO provides clarity on obligations of SMSF auditors in respect of NALE and NALI
The ATO has provided some welcome clarification for auditors regarding their obligations to report on non-arm’s length expenditure (NALE) incurred by a super fund of a general nature.
Eichmann: Full Court holds that land is a small business active asset
In our earlier articles we discussed the Administrative Appeals Tribunal (AAT) and Federal Court decisions in Eichmann v FCT [2019] AATA 162 and FCT v Eichmann [2019] FCA 2155. The Full Federal Court in Eichmann v FCT [2020] FCAFC 155 recently allowed the taxpayer’s appeal of the Federal Court decision.