The Pepsi case: did the Federal Court bottle it?
In its first application of nascent tax laws, the Court considers what constitutes a contractual right and the new diverted profits tax.
By Hugh Paynter, Ryan Leslie and Graeme Cooper - < 1 min read
30 June blues
Picture this: your client wants to gift their capital gains but they’re dragging their feet and end of financial year is approaching…
By Jim Main and Michaela Schmidt - < 1 min read
Busy bees
Beekeeping can sting you in ways you don’t expect. This case study shows the hidden tax pitfalls of diving into your retirement hobby farm.
By Michaela Schmidt - < 1 min read
Practical tips on claiming NSW Primary Production Duty Exemption
Showing Revenue NSW you are eligible for the PPE can be tricky. Find out what you will need to be successful first time.
By Dung Lam and Annika Lawrie - < 1 min read
The not-so-ordinary meaning of ‘ordinarily resident’
Jen McMillan unpacks the Court’s narrow interpretation of ‘ordinarily resident’ and provides valuable practice notes and updates on residential land purchasing.
By Jen McMillan - < 1 min read
Changing trustees and landholder duty pain
Consider the landholder duty provisions whenever shares in a company or units in a unit trust are being transferred in landholding entities.
By Amanda Tully - < 1 min read
Family succession traps
There are complex tax rules when dealing with company shares. Practitioners should be aware of the relevant legislation and if unsure, seek specialist advice.
By Jim Main - < 1 min read
Happy 40th! Not quite the surprise you were hoping for
Stamp duty on shares was abolished some time ago, but don’t forget about landholder duty.
By Michaela Schmidt - < 1 min read
Dealing with deceased estates: Gifts and tax implications
When dealing with deceased estates, practitioners should be mindful of capital gains tax implications when dealing with gifts.
By Jim Main - < 1 min read
A ‘tail’ of woe
When considering whether rural land qualifies for the Primary Production Land tax exemption, practitioners should consider the ‘dominant’ use of the land.
By Jim Main and Amanda Tully - < 1 min read
GST considerations: Don’t always run with the sheep
Solicitors should be aware when ‘GST free supply of farmland’ is applicable and whether the purchaser intends to ‘carry on a business’.
By Michaela Schmidt and Jim Main - < 1 min read