The finalised guideline is broadly in line with the draft version, however there are some areas that the final PCG does not address, as outlined by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Julia Klarich.
KPMG is sad to share that Richard Buchanan passed away at the age of 78.
Taxpayers that are considering undertaking restructures or refinances in relation to debt, should review the guidance against their own circumstances to identify the risk that the ATO will seek to apply the anti-avoidance provisions, as outlined by Stephen Carpenter, Katrina Piva, Josh Cardwell, Matt Ervin and Amanda Maguire.
As detailed by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Tom Beddoe, care needs to be taken with the new provisions in relation to franking credits when there has been or will be a capital raise.
This national tax webinar, held on Wednesday 28 August, explores the topic of Investment into Australia.
KPMG’s submission provides an analysis of Treasury’ consultation paper on proposed changes to the foreign resident capital gains tax (CGT) rules.
