Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
An increase to the amount that can be transferred into the tax free retirement phase and more scope to make non-concessional contributions are on the horizon.
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
In Australia’s Hybrid Mismatch Rules: An essential update, KPMG provides commentary to facilitate understanding and consideration of Australia’s hybrid mismatch rules.
Peter Madden & Denis Larkin discuss the ATO’s preliminary view on whether GILTI corresponds to the Australian CFC regime in Draft Taxation Determination TD 2019/D12.
Retail super fund total assets stagnate as public sector and industry super funds capture a greater share of the $2.93 trillion superannuation asset pie.
Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
The importance of proper record keeping to support deductions is again demonstrated by a recent AAT case and is a reminder for employers relying on reducing their FBT by maintaining logbooks.
Andrew Hosken & Peter de Sousa discuss the increased focus from state revenue authorities on medical, optometry, dental and other allied health clinics and operations.
An increase to the amount that can be transferred into the tax free retirement phase and more scope to make non-concessional contributions are on the horizon.
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
Definition of land to include anything fixed to land, land value threshold definition to be changed and joint and severally liable among government proposals.
Proposed estimate provisions are to be applied where there are reasonable grounds to suspect phoenix behaviour or where creditor defeating actions are occurring.
The SA Government has declared it will pursue an earlier and greater reduction in top land tax rates as a consequence of higher than anticipated land tax takes from its aggregation measures.
In Australia’s Hybrid Mismatch Rules: An essential update, KPMG provides commentary to facilitate understanding and consideration of Australia’s hybrid mismatch rules.
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
Longstanding income recognition issues associated with individuals ceasing Australian tax residency and collecting the liabilities of foreign tax residents remain ATO focus areas.
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