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The recent wave of controversy which has surrounded the Tax Office is unprecedented. The question to be asked is what does this mean and what is the significance of the controversy for the tax practitioner.
This paper addresses the practical issues of capital gains tax and partnerships referring specifically to the recent Tax Office ruling rather than a discussion of what is perhaps a theoretical review of what is the correct legal view.
This paper will attempt to cover those options that are available to taxpayers to defer the payment of sales tax, and the administrative procedures and legislative backing the Commissioner has to counter such techniques.
Discretionary Trusts - Practical Legal and Tax Issues
In the 60s and 70s many trusts were primarily established to avoid probate duty, and later in the 70s and 80s the impetus for their creation was to minimise income tax. Today there are still tax advantages to be gained from the use of the modern family discretionary trust. In addition, the discretionary trust was always historically and still remains a highly desirable means of holding family property.
Capital Gains Tax Implications of Some Popular Structures
This paper examines each of the structures and the likely transactions in relation thereto on the assumption where appropriate that the parties are dealing at arms length and indicating the dangers which may arise where they are not.
We've made some changes to our website. You will need to reset your password to access your account, access online books, purchase items from our online shop, or download papers from the Tax Knowledge eXchange.
To reset your password, contact our Membership and Customer Services Team on +61 2 8223 0000 (Monday to Friday, 830am – 5pm AEDT). If available, please have your member number or web user ID handy.