Tax

Tax

Demographic trends likely to result in future wealth tax, says specialist

Increasing inequality and a growing proportion of renters will put greater pressure on the government to implement...

06 September 2024 • By Miranda Brownlee

more from tax

Tax

ATO predicts further jump in tax debt disclosures to credit agencies

The Tax Office expects the use of intent-to-disclose notices will ramp up further this income year based on trends...

04 September 2024 • By Miranda Brownlee

Tax

ATO practice statement lays down law on illegal early release perpetrators

Recent updates in the Practice Statement Law Administration (PS LA) 2021/1 show that the ATO means business when it...

03 September 2024 • By Keeli Cambourne

Tax

The permanency of the permanent: The ‘vacant’ landholding provisions

Are interest costs incurred on borrowings for land acquisition deductible to an entity undertaking a property...

30 August 2024 • By Phillip London, TaxBanter

Tax

PCG 2024/D2 poses ‘higher taxes for thousands of businesses’, warns tax expert

The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock...

30 August 2024 • By Miranda Brownlee

Tax

Federal Court hears ATO’s appeal of landmark Bendel decision

The Tax Office hopes to quash a tribunal ruling that cast doubt on how it treated unpaid trust entitlements for the...

26 August 2024 • By Christine Chen

Tax

ATO warns businesses on looming TPAR deadline

The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9...

26 August 2024 • By Miranda Brownlee

Tax

‘Unjust’ foreign resident CGT changes could spook investors

Complex reforms broadening the regime without a transitional period make Australia a less attractive destination for...

23 August 2024 • By Christine Chen