tax

Commissioner’s ‘remedial power’ flexed for first time

The Commissioner of Taxation has limited powers to modify the implementation of tax law in circumstances where taxpayers will benefit, or at least be no worse off, as a result of the modification. The first use of this power to modify the law (the Commissioner’s remedial power, or CRP) took effect on 17 October 2017.

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Single Touch Payroll: ATO’s live stream with employers

The ATO has invited several employers to an upcoming “employer engagement” forum next week (on Thursday 16 November) where they will be able to clear up any questions or concerns they still have about Single Touch Payroll (STP). Attending the forum will also be ATO and payroll industry experts, who can answer any questions and

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The CGT implications of subdividing and building on the family property

Given the state of the property market in Australia these days, a not-uncommon situation can arise where a residential property owner seeks to demolish and subdivide the block containing the family home and build residential units. CGT implications of subdividing and building on the family property. If a taxpayer has the available land of course,

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GST and the buying or selling of real estate premises

Whether a sale of property is subject to GST will be dependent on a number of factors. The sale of real property must be made in the course or furtherance of an enterprise before it is brought into the GST system. One way to explain the relevant considerations is through an example: Alan, a sole

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Amazon’s tax reputation is a challenge for the ATO

The retailing behemoth Amazon is expected to open for business in Australia very soon, perhaps even in time for Christmas. But Amazon’s tax reputation is a challenge for the ATO, with the worrying factor being the mega-player’s track record on dodging its tax obligations in other countries across the globe where it has opened its

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