Tax
Onus of Proof in Tax Disputes
December 17, 2020For taxpayers engaged in matters with the Australian Taxation Office (ATO) where facts are in dispute, the ATO will point out that the...
No Thanks! Effective Disclaimer of a Trust Entitlement
December 17, 2020Attempts to disclaim an entitlement to trust, income or capital have arisen in various contexts for various reasons. The contexts often include receipt...
RevenueSA Online Land Tax Portal – Responding to Land Tax Letters
May 22, 2020In anticipation of the new land tax provisions coming into effect on 1 July 2020, RevenueSA has been sending out letters to landowners...
Land Tax Reform – What Does it All Mean?
April 10, 2020The Land Tax (Miscellaneous) Amendment Act 2019 (SA) (the Amending Act) has now been enacted and introduces progressive changes to the Land Tax...
On the Hook: Directors in the Tax Firing Line
April 10, 2020The personal responsibilities of company directors are getting more and more stringent with new laws proposed to extend directors’ penalty notice regimes to...
Residence Issues for Trust Estates With Foreign Corporate Trustees
April 10, 2020The notional taxpayer described in Australian law as a ‘trust estate’ is required to calculate its net income as if it was a...
COVID-19: Payroll Tax and Land Tax Measures
April 6, 2020The devastating economic impact of the COVID-19 pandemic is being felt far and wide, with many businesses having to make the difficult decision...
Draft Land Tax (Miscellaneous) Amendment Bill 2019
September 17, 2019On 10 September 2019 the South Australian Government released the draft Land Tax (Miscellaneous) Amendment Bill 2019 for public consultation. A copy of...
Land Tax Reform for Trusts
August 23, 2019In light of the considerable interest shown in our recent article on this subject, we look further into some of the implications of...
Aggregation of Land Held on Trust for Land Tax Purposes
August 13, 2019On 18 June 2019, as part of the SA Budget, the Treasurer, Rob Lucas MLC, announced that the South Australian Government would introduce...
Succession Planning
June 21, 2019Protecting your business, your estate and you You may be surprised to hear that in a recent Family Business Australia survey less than...
Offloading Tax Liabilities Between Spouses
June 21, 2019High Court decision of the Commissioner of Taxation v Tomaras With property division between separated spouses, it has always been the position that...
Trust Splitting
November 7, 2018Tax lawyers have a propensity for applying slickly phrased euphemisms for sets of procedures known commonly among them. In this category are “Trust...
ATO Raids
November 7, 2018Roasting the Phoenix The Phoenix according to Greek and Roman mythology is a bird that lives for centuries and then is consumed by...
Passing Control of a Discretionary Trust to the Next Generation
November 7, 2018Discretionary trusts have long been the go-to vehicle for advisors when setting up a structure for their clients. The principal reasons for this...
Branding for WET
November 7, 2018The need for trade marks When the Wine Equalisation Tax (WET) Act[1] was amended with effect from 1 July 2018 to introduce additional...
Another Award for One of Our Tax “Gurus”
July 4, 2018DW Fox Tucker is proud to announce our own Briony Hutchens is the recipient of the 2017 KPMG Prize for ‘the best performance...
Tax Changes for Developers of New Residential Property
March 26, 2018One of the more significant tax measures to be brought before Federal Parliament on its resumption in February is proposing to give effect...
Broadening the CGT Relief for Separating Couples
October 31, 2017Beware the tax man! In Family Law, it is not a new concept for separating couples to attract CGT exemption (roll‑over relief) when...
It can be a Crime to not Lodge Your Returns!
October 31, 2017Don’t let it happen to you. Another financial year has ended and it is that time of year again when taxpayers start turning...
2017-18 State Budget Changes for Acquisitions of Property in South Australia
October 31, 2017The 2017-18 South Australian State Budget, handed down on 22 June 2017, contained a number of changes that have implications for persons acquiring...
Client Profile: Karidis Corporation
June 22, 2017The Pioneer of Urban Affordability A quintessential migrant success story of an unassuming property developer passionate about turning the city centre into...
Super Reform: Are You Ready For 1 July?
June 22, 2017The much publicised superannuation reforms are set to commence from 1 July 2017. While these may not have a significant impact for some,...
Application and Transition: The Proposed WET Rebate Revision Legislation
June 22, 2017In the 2016 Federal Budget the Treasurer stated that the Government would introduce amendments to the Wine Equalisation Tax (WET) legislation that would...
Foreign Resident CGT Withholding – Important Changes
May 18, 2017The foreign resident CGT withholding tax rules have been in effect since 1 July 2016. A more detailed analysis of these rules can...
Tax Implications of Structuring for Holding Your Intellectual Property
December 16, 2016When starting your business or embarking on your innovative journey your intellectual property may not be particularly valuable. However, it has the propensity,...
Taxation of Earnouts
December 16, 2016In broad terms, a standard earnout arrangement is one where a vendor sells their business and receives for that sale consideration which includes...
Foreign Resident CGT Withholding
December 15, 2016Foreign Resident Capital Gains Tax Withholding Regime The foreign resident CGT withholding tax regime inserted into the Taxation Administration Act 1953 has been...
“Wine Equalisation Tax Rebate: Tightened Eligibility Criteria”
October 12, 2016Late last month, Federal Treasury released its implementation paper examining the Wine Equalisation Tax Rebate (WET rebate). This paper was said to set...
2016-17 South Australian State Budget – Good News for Taxpayers
July 11, 2016On 7 July 2016 the South Australian Government handed down the 2016-17 Budget. The budget contained a number of favourable taxation measures, some...