Income from private company investments – the tax scourge of SMSFs
SMSF investment in a private company carries the suspicion that the investment is an opportunity to shift income from a higher taxed entity to the concessionally taxed SMSF.
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Australia is now tracking & surcharging foreign buyers of land
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Minority SMSF investors and related unit trusts
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More by The Tax Objection
The burden of proof in a tax objection
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Preparing to change land ownership from a company to a trust
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Commissioner pushed too far to rule on private ruling – Hacon
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The discretionary capital distribution – it’s a CGT free gift!
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Changing the trustee of a trust – some elements for success
It is sometimes wrongly assumed that a minute of the current trustee is sufficient to change the trustee of: a family discretionary trust (FDT); ora self managed superannuation fund (SMSF) (which must be a trust with a trustee too – see sub-section 19(2) of the Superannuation Industry (Superannuation) Act (C’th) 1993 (SIS Act)); and that […]
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Taking out tax when superannuation death benefits are paid to deceased estates and testamentary trusts
Who pays tax and how much when a superannuation fund pays out death benefits to a deceased estate or to a testamentary trust is not intuitive. The two technical concepts of “dependant” and “taxable component” in particular are a source of confusion. Dependant There are two relevant kinds of dependant. The SIS Act kind of […]
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Declarations of trust and stamp duty on disguised conveyances
Each of the state and territory duty jurisdictions include declarations of trust over dutiable property (typically real estate) as dutiable transactions in one form or another. Without a declaration of trust head of duty, or an apt anti-avoidance provision, conveyancing duties that would by paid on a transfer of the dutiable property to B can […]
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Aggregating for dual $6m MNAV tests following 2018 small business CGT concession integrity changes – with the aid of chess!
Those seeking the small business capital gains tax (CGT) concessions in the 2018 and later income years need to be wary of modified small business CGT concession integrity rules which apply from 8 February 2018 by virtue of Schedule 2 of the Treasury Laws Amendment (Tax Integrity and Other Measures) Act 2018 (TIOMA). The small […]
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The odd way disputes over PAYG deducted from salary are resolved
A recent Federal Court case Price v. Commissioner of Taxation [2019] FCA 543 demonstrates the divergent way a taxpayer must go about contesting a dispute with the Commissioner of Taxation over pay as you go (PAYG) tax withholding amounts taken from salary or wages received by the taxpayer. Right to object about PAYG credits not […]
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Income from private company investments – the tax scourge of SMSFs
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Changing the trustee of a trust – some elements for success
-
Taking out tax when superannuation death benefits are paid to deceased estates and testamentary trusts
-
Declarations of trust and stamp duty on disguised conveyances
-
Aggregating for dual $6m MNAV tests following 2018 small business CGT concession integrity changes – with the aid of chess!
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The odd way disputes over PAYG deducted from salary are resolved