Publications

Sale of Inherited Property – CGT exemptions
If certain conditions are met under the ITAA1997, its possible to receive a full CGT exemption when an individual sells an inherited property (property in this article refers to residential real property for example a property [...]
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Family Trust Election
Making a family trust election to access losses and franking credits Special rules in the ITAA1936 restrict a trusts ability to utilise revenue losses (and debt reductions such as bad debts) unless the trust satisfies several test [...]
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Voluntary Disclosure – The ‘ Panama Papers’
Tax Problems and Voluntary Disclosure – The ‘Panama Papers’ The financial press has been dominated by leaks of information dubbed the ‘Panama Papers’. It is critical to note that merely holding money or oth [...]
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Backdating – ‘but everyone else does it’
Backdating We often receive enquiries where someone suggests that I should assist in backdating a transaction or asks me to draft a document, intending to backdate it. What is backdating? Backdating is when you date a do [...]
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GST and Going Concern on Leased Premises
Problem? Can you sell your premises to your current tenant (lessee) and still claim the ‘as a going concern’ GST exemption? In short the answer is no. According to GSTR2002/5 the owner of an enterprise which consists s [...]
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