Healius Ltd vs Commissioner of Taxation
The Federal Court has decided that 505 payments to medical practitioners, ostensibly for the purchase of the medical practitioners’ practices, were tax deductible to a public company. The
[ Read More ]Video
Video presentations of all things tax and super
From the Blog
When labour costs should be capitalised and not deducted
When a capital asset is acquired, constructed or created taxpayers need to consider whether any of the cost of labour that relate to the acquisition, construction or creation should be added to
[ Read More ]Commissioner’s Remedial Power
The Tax Agents Portal is about to close. It is being replaced by the Online Services for Agents facility. There is an important problem with this in relation to tax agents getting access to the
[ Read More ]PCG 2019/D8
There is a problem with claiming a tax deduction for superannuation contributions made late in June and not received by the employee’s superannuation fund until July. The
[ Read More ]Car Parking Fringe Benefits
The ATO has released draft taxation ruling TR 2019/D5 in relation to FBT on car parking benefits. It explains the law and has some interesting comments on what constitutes a commercial car park.
[ Read More ]SMSFs – Non-arm’s length income
A superannuation fund pays the top marginal tax rate on “non-arm’s length income”. This video discusses a case recently decided in the Administrative Appeals Tribunal that concerned whether
[ Read More ]Tax Practitioners Board
The Tax Practitioner’s Board has released its annual report. In this video John Jeffreys, Tax and Super Australia’s Tax Counsel, comments on the key issues in the report. He also
[ Read More ]Working holiday makers
The Federal Court recently decided that a UK citizen was a resident of Australia and, although holding a working holiday visa, was not subject to the working holiday maker tax rates. This is
[ Read More ]Tax residency – Working holiday maker
The Federal Court recently decided a tax residency issue in relation to a working holiday maker that visited Australia from the USA. The taxpayer argued that she was a resident of
[ Read More ]Foreign Residents: Main Residence Exemption, tax planning (part 2)
The Federal Government has reintroduced the legislation to deny foreign residents of Australia the main resident exemption. In this 2nd video on this topic, John Jeffreys
[ Read More ]Foreign residents — Main residence exemption (part 1)
The Federal Government has reintroduced the tax legislation that denies the main residence exemption for foreign residents of Australia. This controversial legislation, if passed, now
[ Read More ]Genuine redundancy & early retirement
A change to the tax law, applying from 1 July 2019, has just passed Federal Parliament in relation to genuine redundancy payments and early retirement scheme payments. Now, such payments
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