Taxation in Australia
Written by practitioners for practitioners Taxation in Australia® is continually ranked as Australia's leading tax journal. With a readership exceeding 35,000, it is published 11 times per year and available exclusively to Institute Members in both hard copy and online format. This comprehensive publication features articles with a strong, practical approach to the latest tax issues and professional development. It is affectionately known as the Blue Journal.
Articles from the current issue:
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President's report: Taxation Institute update Free to Download
Taxation Institute President David Williams updates members on the 2010 budget submission, events and the tax agents services regime, and emphasises the importance of our active membership.
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CEO's report: Our commitment to positive change Free to Download
This month, Noel Rowland welcomes a new staff member, introduces new products and events, and reminds Members of the importance of keeping their details up to date.
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Taxing issuesAdd to cart
The following points highlight important Federal Tax developments that occurred during February 2010.
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Tax tipsAdd to cart
The recent decision of the Federal Court in the Sunchen Case highlights the need for appellate judicial consideration of the GST sale of residential premises provision.
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Mid market focus: Consolidation and SME groups: Barriers to entryAdd to cart
A discussion of some reasons why SME groups are reluctant to consolidate.
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Completing the tax trilogyAdd to cart
This year heralds the fifth year of delivery for the Structured Education Program. The courses have been built with maximum flexibility and choice taking into consideration the busy work patterns of tax professionals.
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Library links: A growing collection of old and newAdd to cart
A Member who recently visited the library reminded us of the availability of old English Reports on Commonlii. The records go back to 1220 and are a little sporadic at this time, but the content is expanding.
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Member profile by George SamarasAdd to cart
The Taxation Institute is the peak body for taxation professionals in Australia. It has provided me with exposure to many other professionals practising in tax within and outside of my area of expertise.
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COVER: Unpaid present entitlements – a new approach to taxing trust distributionsAdd to cart
Draft Taxation Ruling TR 2009/D8 (Income tax: Division 7A loans: trust entitlements) includes the assertion that an unpaid present entitlement payable by the trustee of a trust in favour of a corporate beneficiary could, in appropriate circumstances, either constitute a loan or be taken to be a loan back to the trustee of the trust for the purposes of Div 7A.
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Transfer pricing: Can the Commissioner make up his own rules?Add to cart
Draft Practice Statement PS LA 3187 provides for a rule of thumb approach to determine allowable interest for Div 13 purposes. Such an approach is inconsistent with arguments recently put by the ATO to the High Court. The High Court has said that the internationally accepted arm’s length principle is the foundation of Div 13. A rule of thumb approach is not a proper application of the arm’s length principle.
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GST uncertainties for sales of reversionary interestsAdd to cart
A recent Full Federal Court decision raises new uncertainties concerning the GST treatment of lease supplies that are made following the sale of a reversionary interest.
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Amendments to Division 7AAdd to cart
This article is an in-depth discussion of the proposed amendments to Division 7A recently released by the Government. The author concludes that the legislation may not necessarily accord with its intended design and may also have further unintended consequences.
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Partnerships of trusts: Legal and taxation issuesAdd to cart
An analysis of the legal and practical issues facing practitioners and clients in administering a partnership of trusts with corporate manager.
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Succession to a SMSFAdd to cart
Thus succession involves a review of both the SMSF deed and the constitution. These two need to be consistent in design and the implementation of the succession strategy to overcome conflicts arising.
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State “social” activities an enterpriseAdd to cart
Secretary to the Department of Transport (Victoria) v Commisioner of Taxation [2009] FCA 1209.
