These are seven case studies on anti-avoidance : 1 Prepayment : How will the changes to the 13 Month Rule operate: s82KZMD - Business Expenditure (except by a small business taxpayer)?; 2 Prepayment : How do the Transitional Provisions [s82 KZMB and s82 KZMC] operate?; 3 Prepayment : How will the changes to the 13 Month Rule affect Growers in an afforestation/wine/olive etc project?; 4 Non Commercial Loans : Section 12 Loan from member to entity; 5 Non Commercial Loans: Section 12 Loan from closely held entity to (associate of) member; 6 Carry Forward Losses - Companies; 7 Unrealised Capital Losses
Corporate and small business reforms: case studies
This paper is a set of studies and solutions to Workshops on Corporate and small business reforms : Workshop No 1 Franking account and Corporate tax rate changes; Workshop No 2 Capital Allowances; Workshop No 3 Simplified Tax System Small Businesses.
This paper deals with the "anti-avoidance" measures arising from the Ralph Report on Business Taxation in July 1999 and the Government's response as announced on 21 September 1999.
On 21 September 1999 the Government's announced response to the Ralph Report (Review of Business Taxation - A Tax System Redesigned, July 1999). The package contained a number of surprises for individual investors, small business and business generally. Perhaps the biggest surprise is the 50% concession for individuals together with the extension of the 50% goodwill exemption to all active assets.