Pepsi: maximum taste, no royalty
In ruling against the ATO, the High Court stressed a few key points that hint at how diverted profits and royalty withholding tax should be…
By Hugh Paynter, Ryan Leslie, Toby Eggleston and Naison Seery - 2 min read
When a delayed estate means tax stings await
There are significant CGT and duty concessions in administering estates. By JIM MAIN.
By Jim Main - 2 min read
Dangerous trusts and hidden tax stings
Whenever you act on the purchase by a trust of any nature, always check the vesting date. By JIM MAIN.
By Jim Main - 2 min read
Property settlements and hidden tax stings
Despite time pressures, always be clear on the CGT consequences of a property settlement. By JIM MAIN.
By Jim Main - 2 min read
Will making and hidden tax stings
Remember that transfers to beneficiaries of a will under a power of sale or testamentary option are not CGT free. By JIM MAIN.
By Jim Main - 2 min read
Fear not the ATO: handy tips for lawyers
The ATO is working on improving its internal systems in recognition of the important role legal practitioners play in assisting taxpayers in their dealings with…
By Tania Waterhouse - 1 min read
The pain of company guarantees: beware hidden tax stings
A third-party loan guaranteed by a private company can be deemed an unfranked dividend to the borrower under division 7A of the Income Tax Assessment Act…
By Jim Main - 2 min read
One business deal, multiple contracts: GST and stamp duty stings await
Whenever there are two or more contracts covering what is essentially one business deal, be aware that section 25 of the Duties Act 1997 (NSW) may apply….
By Jim Main - 2 min read
Fund-raising can be enough: not-for-profits as public benevolent institutions
The Full Federal Court has confirmed there is no requirement that a “public benevolent institution” must provide relief directly to those in need. By MARK…
By Mark Friezer and Louisa Wu - 2 min read
Market value and GST
A buyer has no obligation to top up for GST unless it is in the contract. By JIM MAIN.
By Jim Main - 1 min read