Tax Time Monthly: November Edition 2017

In this edition of Tax Time Monthly, Hall Chadwick looks at last month’s tax issues:

  • Qualifying criteria for the reduced corporate tax rate
  • Satisfying the ‘given’ to trustee requirement of a Binding Death Benefit Nomination
  • AFL player and coach payments for image rights are taxable wages
  • Cleaning service contracts are not employment agency contracts

  • Tax Time Monthly: October Edition 2017

    In this month’s edition of Tax Time Monthly, Hall Chadwick looks at last month’s Bills to:

  • Limit deduction claims for travel and depreciation on residential properties
  • Impose a vacancy fee for foreign owners of residential real estate
  • Implement the First Home Super Saver Scheme
  • Allow contributions for eligible homeowners over 65

  • In Focus: Preferences and PPSR/Retention of Title Claims

    This issue explores a decision of the Federal Court in 2016 Hussain v CSR Building Products Ltd in the matter of FPJ Group Pty Ltd (in Liquidation) [2016] FCA 392 (“the Reasons”) amongst other things considered the relationship between the PPSR Act and Part 5.7B Corporations Act 2001 which prescribes that certain transactions entered into between a company and third parties in the period before liquidation of that company may be voidable as against the Liquidator of that company.

    Tax Time Monthly: September Edition 2017

    This issue discusses recent guidelines and updates issued by the ATO including:
  • Guidance on the new “Similar Business Test” to claim tax losses
  • Accounting for uncertain positions: AASB Interpretation 23
  • Bills introduced to increase Medicare Levy to 2.5%
  • Super death benefit paid to bankrupt via deceased estate not protected from creditors
  • NSW payroll tax: retrospective trust disclaimers ineffective for grouping purposes

  • Tax Time Monthly: August Edition 2017

    In the August edition of Tax Time Monthly, Hall Chadwick looks at recent guidelines and updates issued by the ATO including:

  • Personal Liability of a legal personal representative if deceased estate assets are distributed with a notice of claim or potential claim by the ATO
  • Safe harbour for the use of sportsperson’s name, image or likeness

  • Employee remuneration trust arrangements outside an employee share scheme
  • An early stage innovation company is required to report new share issues to investors who may be entitled to access tax incentive schemes by 31 August 2017
  • Reduction of company tax rate was not meant for passive investment companies says Revenue Minister Kelly O’Dwyer
  • Draft legislation to limit depreciation deductions for plant and equipment used in residential investment properties
  • Draft legislation for amendments to main residence exemption for foreign residents
  • Changes to superannuation reporting requirements with the introduction of the new transfer balance cap
  • ‘Netflix Tax’ now operative for non-resident suppliers to Australian consumers