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.Snapshot Always…
Succession planning: why communication between lawyers & accountants is crucial
Succession law and planning is complex. With state and Federal revenue laws often in conflict, lawyers and accountants need to work together. By JIM MAIN.Snapshot…
The latest from the High Court: October 2018
Reporting and analysis of the High Court’s most recent notable decisions. By ANDREW YUILE.Key decisions Federal Commissioner of Taxation v Martin Thomas; Federal Commissioner of Taxation…
Taxation: the tricky business of amending trust deeds
Amending a trust deed is a tricky business. Tax must always be taken into account, and NSW duty must also be considered. By JIM MAIN.Snapshot…
Costly mistakes in using deceased estates exemptions from duty
Care needs to be taken when beneficiaries to an estate propose to enter into a deed of family arrangement to prevent duty being triggered unintentionally….
The latest from the High Court: October 2017
Reporting and analysis of the latest key judgments from the High Court of Australia. By ANDREW YUILE.Key decisions Commissioner of Taxation v Jayasinghe [2017] HCA…
Tax stings and GST tales of woe
There are multiple different GST scenarios requiring separate analysis. According to Jim Main, taxpayers must be careful when using the margin scheme and the going concern exemption….
New GST laws impact legal services for non-resident clients
From 1 October 2016, legal services may be GST-free in a broader range of circumstances. The reforms potentially benefit both non-resident clients and law firms….
Interpreting bilateral tax treaties
A provision in a tax treaty is to be interpreted according to its language, context, and object and purpose. By STEPHEN TULLY.Snapshot The Federal Court…
Disproving tax fraud or evasion: the onus is on you
Knowing what to do if the Commissioner of Taxation forms a fraud or evasion opinion is no academic exercise. By LOUISE McBRIDE.Snapshot Knowing what to…
Stamp duty exemptions: hidden tax stings
Freedom from stamp duty does not necessarily mean freedom from tax or GST. By JIM MAIN.Snapshot GST and tax are governed by federal legislation; stamp…