We demystify tax objections, disputes and tax problems. Our experienced and accredited tax lawyer assists accountants and clients with perceptive tax advice and savvy legal documents....
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Low or zero interest loans (LOZILs) to companies by their shareholders are generally not a tax problem in themselves. Total Holdings The well-regarded 1979 Full Federal Court decision in F.C. of T. v. Total Holdings (Australia) Pty. Ltd. [1979] FCA 53 allowed a tax deduction to a holding company for its interest costs of borrowing […]
… must be one of Wilde’s … Oscar Wilde’s quip “no good deed goes unpunished” opened Deputy President McCabe’s decision in the 2 February 2021 Administrative Appeals Tribunal (AAT) case of ZBFF v. Commissioner of Taxation [2021] AATA 275. It prefaced his introduction to the matter at hand in ZBFF: whether a good deed will […]
The applicable fees to appeal Unless a taxpayer is disadvantaged and qualifies for a concessional $100 fee – see our blog post: Small business now has its own dedicated taxation division of the AAT at https://wp.me/p6T4vg-dx, fees for review of the Commissioner of Taxation’s decisions reviewable by the AAT are now: $952 for review by […]
Two Indian tax cases that have now largely run their course illustrate difficulties faced by countries determined to tax major economic activity in their own territory by non-residents. India stands out as a rare jurisdiction determined to tax major foreign investors that greatly gain from economic activity there. The cases show how difficult it can […]
A local sale of goods or a supply of services by a GST-registered business will usually be: for a GST-inclusive price/fee; andaccompanied by a tax invoice confirming the GST-inclusive price and the 10% (1/11th) GST included in the price/fee. When to look out for GST on land sales The price and GST on a sale […]
In an Administrative Appeals Tribunal decision this month in Etmekdjian v. Commissioner of Taxation [2020] AATA 3821 (1 October 2020), the AAT refused to extend a waiver of disqualification to the applicant so the applicant could manage his own self managed superannuation fund (SMSF). The applicant had been disqualified under Part 15 of the Superannuation […]
