legislation

Div 165: The GST regime’s Part IVA

  Division 165 of the GST Act contains anti-avoidance provisions in respect of GST that are similar to those available for income tax purposes. The Division 165 rules are designed to deter schemes that would produce benefits by reducing GST payable, increasing refunds, or altering the timing of payment of GST or refunds, and are

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The tax-related bills that your clients are STILL waiting for

  It may pay to remind clients that could possibly be affected that the following pieces of legislation have not yet made it into law: Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 Treasury

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Separate or aggregate CGT assets? The role of subdivision 108-D

  Under common law, when an accessory is annexed to a principal asset (such as land) the accessory becomes part of that principal asset. Theoretically, without an adjustment to the tax rules, if the principal asset of land had been acquired pre-CGT (before 20 September 1985), any building on that land or any addition to

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