For taxpayers engaged in matters with the Australian Taxation Office (ATO) where facts are in dispute, the ATO will point out that the...
Attempts to disclaim an entitlement to trust, income or capital have arisen in various contexts for various reasons. The contexts often include receipt...
In anticipation of the new land tax provisions coming into effect on 1 July 2020, RevenueSA has been sending out letters to landowners...
The Land Tax (Miscellaneous) Amendment Act 2019 (SA) (the Amending Act) has now been enacted and introduces progressive changes to the Land Tax...
The personal responsibilities of company directors are getting more and more stringent with new laws proposed to extend directors’ penalty notice regimes to...
The notional taxpayer described in Australian law as a ‘trust estate’ is required to calculate its net income as if it was a...
The devastating economic impact of the COVID-19 pandemic is being felt far and wide, with many businesses having to make the difficult decision...
On 10 September 2019 the South Australian Government released the draft Land Tax (Miscellaneous) Amendment Bill 2019 for public consultation. A copy of...
In light of the considerable interest shown in our recent article on this subject, we look further into some of the implications of...
On 18 June 2019, as part of the SA Budget, the Treasurer, Rob Lucas MLC, announced that the South Australian Government would introduce...
Protecting your business, your estate and you You may be surprised to hear that in a recent Family Business Australia survey less than...
High Court decision of the Commissioner of Taxation v Tomaras With property division between separated spouses, it has always been the position that...
Tax lawyers have a propensity for applying slickly phrased euphemisms for sets of procedures known commonly among them. In this category are “Trust...
Roasting the Phoenix The Phoenix according to Greek and Roman mythology is a bird that lives for centuries and then is consumed by...
Discretionary trusts have long been the go-to vehicle for advisors when setting up a structure for their clients. The principal reasons for this...
The need for trade marks When the Wine Equalisation Tax (WET) Act[1] was amended with effect from 1 July 2018 to introduce additional...
DW Fox Tucker is proud to announce our own Briony Hutchens is the recipient of the 2017 KPMG Prize for ‘the best performance...
One of the more significant tax measures to be brought before Federal Parliament on its resumption in February is proposing to give effect...
Beware the tax man! In Family Law, it is not a new concept for separating couples to attract CGT exemption (roll‑over relief) when...
Don’t let it happen to you. Another financial year has ended and it is that time of year again when taxpayers start turning...
The 2017-18 South Australian State Budget, handed down on 22 June 2017, contained a number of changes that have implications for persons acquiring...
The Pioneer of Urban Affordability A quintessential migrant success story of an unassuming property developer passionate about turning the city centre into...
The much publicised superannuation reforms are set to commence from 1 July 2017. While these may not have a significant impact for some,...
In the 2016 Federal Budget the Treasurer stated that the Government would introduce amendments to the Wine Equalisation Tax (WET) legislation that would...
The foreign resident CGT withholding tax rules have been in effect since 1 July 2016. A more detailed analysis of these rules can...
When starting your business or embarking on your innovative journey your intellectual property may not be particularly valuable. However, it has the propensity,...
In broad terms, a standard earnout arrangement is one where a vendor sells their business and receives for that sale consideration which includes...
Foreign Resident Capital Gains Tax Withholding Regime The foreign resident CGT withholding tax regime inserted into the Taxation Administration Act 1953 has been...
Late last month, Federal Treasury released its implementation paper examining the Wine Equalisation Tax Rebate (WET rebate). This paper was said to set...
On 7 July 2016 the South Australian Government handed down the 2016-17 Budget. The budget contained a number of favourable taxation measures, some...