Publications
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 [...]
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 mone [...]
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 [...]
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 [...]
Individual -vs- Corporate SMSF Trustee
Should I have a corporate or individual trustee for my SMSF?
A common question we are asked is whether you should use a corporate or individual trustee. As a general rule of SMSF, each member must be an individual trustee and [...]
