Tax

Tax

AAT decision overturns ATO ruling on trusts and Div 7A

Thousands of trusts have fallen into line with the Tax Office’s position that an unpaid present entitlement to a...

04 October 2023 • By Philip King

more from tax

Tax

‘Expand FBT break to EV chargers, solar panels, batteries’

Removing upfront costs of switching from petrol to electric could increase EV take-up, says management consultant.

02 October 2023 • By Christine Chen

Tax

ATO works hard to fix ‘flaw’ in client linking system

Inadvertent disconnection of a BAS agent will become a source of frustration and inconvenience under the revised...

29 September 2023 • By Philip King

Tax

Why revised promoter penalties need clear boundary maps

With a substantial increase in maximum fines, exemptions for the provision of advice will have to work effectively.

29 September 2023 • By Robyn Jacobson

Tax

How capital asset creation can make labour costs non-deductible

Wages and salaries should be capitalised where they relate to the construction or creation of capital assets, TR...

29 September 2023 • By Dennis Tomaras and Ellen Karakoussis

Tax

Victorian ‘Airbnb tax’ misjudges landlords, experts say

Experts believe the proposed levy will be a negative for both property owners and renters.

22 September 2023 • By Christine Chen

Tax

ATO linking system takes giant stride into business

The revised procedure will encompass an additional 1.7 million entities from 13 November.

22 September 2023 • By Philip King

Tax

GP clinics left with uncertainty on payroll tax, says KPMG

Medical centres are unlikely to get clarity on the issue until there is further litigation, the firm believes.

22 September 2023 • By Miranda Brownlee