Trust Splitting: the ATO’s controversial new Draft Taxation Determination
By Andrew Henshaw and Rosalind Li, Velocity Legal TRUST SPLITTING: THE ATO’S CONTROVERSIAL NEW DRAFT TAXATION DETERMINATION By Andrew Henshaw and Rosalind Li, Velocity Legal The Australian Taxation Office (ATO) issued Draft Taxation Determination TD 2018/D3 (Draft...
Buying a fitness business: what you need to know
Insights by Scott McKenzie Scott McKenzie (Director at Velocity Legal) is the Chairperson of the Fitness Australia Industry Council. The following article was published on the Fitness Australia website on 25 June 2018. Here is the link to the original post. BUYING A...
Tax residency – Commissioner wins big in recent expat case
Life, Death and Taxes – Insights by Mr Henshaw TAX RESIDENCY – COMMISSIONER WINS BIG IN RECENT EXPAT CASE There are many Australian citizens and permanent residents who leave Australia to work overseas (Expats). Expats will often consider they are not a resident of...
Selling a Fitness Business – Key Legal Traps
Fitness Industry – Insights by Scott McKenzie Selling a Fitness Business – Key Legal...
CGT marriage breakdown roll-over: the Sandini Case revisted
Life, Death and Taxes – Insights by Mr Henshaw CGT MARRIAGE BREAKDOWN ROLL-OVER: THE SANDINI CASE REVISTED A recent case before the Full Federal Court has tested the limits of the CGT marriage breakdown rollover relief. In Ellison & Anor v Sandini Pty Ltd &...
New ‘Integrity’ Measures for the Small Business CGT Concessions
Life, Death and Taxes – Insights by Mr Henshaw NEW ‘INTEGRITY’ MEASURES FOR THE SMALL BUSINESS CGT CONCESSIONS – SIGNIFICANT CHANGES WHEN SELLING SHARES OR UNITS Treasury has recently released draft legislation that significantly restricts the availability of the...
‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS
Life, Death and Taxes – Insights by Mr Henshaw ‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS The Victorian Court of Appeal has reversed a Supreme Court decision on whether the purchase price in a sale of land contract was GST-inclusive or GST-exclusive. The...
THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME
Life, Death and Taxes – Insights by Mr Henshaw THE EMPIRE STRIKES BACK: THE NEW GST WITHHOLDING REGIME Ordinarily, vendors pay GST on the value of the taxable supplies that they make. Vendors will sell goods or services for a price that includes a GST component. When...
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