Archive
Fiscal Watch June 2010
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the June edition:
- Trusts - Unpaid Present Entitlements and Private Companies – Deemed unfranked dividend
- Use of Assets owned by a Private Company – Deemed Unfranked Dividend
- Division 7A and Foreign Companies
- Amendments to Trust Deeds – Bamford Impact Statement – What is income?
- NSW Home Builders Bonus
Fiscal Watch May 2010
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the May edition:
- Resource Exploration Rebate (RER)
- Resource Super Profits Tax (RSPT)
- Earnout Arrangements and CGT
- Medical Patient Records and Copyright
- Exempt Entities
Fiscal Watch April 2010
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the April edition:
- Income Tax
- Agricultural and non-forestry MIS – TD 2010/7-9
- Stamp Duty
Fiscal Watch February 2010
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the February edition:
· Family Trusts – Quotation of Tax File Numbers of Beneficiaries
· Forestry Schemes – Amendment to 4 year Holding Period Requirement
· Deductibility of Interest – Loan to Purchase Units in a Hybrid Trust
· Foreign Private Equity Entities – Taxation of Gains
· Residential Property – Entitlement to input tax credits
· GST and Supply of Spectacles
· Double Stamp Duty and Declarations of Trust
Fiscal Watch December 2009
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the December edition:
- Trust to Trust Roll-Over Relief
- Change of Trustee is not a CGT event
- Past Net Capital Losses of Trust Available as Offset Against Capital Gains – Trust Resettlements
- Scrip-for-Scrip Roll-Over – Whether relief available where transaction structured to take advantage of the relief – arm’s length requirement
- GST – Vacant Land – Residential Premises
- Taxation of Managed Investment Trusts
Fiscal Watch November 2009
Welcome to the latest edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the November edition:
- Supply of Serviced Apartments
- Failure of Forestry Schemes – Applicability of Deductions for Pre-Division 394 Forestry Schemes
- Failure of Forestry Schemes – Applicability of Deductions for Division 394 Forestry Schemes
- CGT - Main Residence Exemption
- GST- Sale and Lease Back of Second Hand Vehicles
- Deductibility of Self Education Expenses
Fiscal Watch October 2009
Welcome to the October edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the October edition:
· NSW Payroll Tax Grouping Provisions
· Successful Challenge to Charitable Status of Organisation – Political Activities
· Non-Forestry Managed Investment Scheme (MIS) Failures – Clarification of the Law
· Mining Companies – Land Rich Provisions
· Supply of Foreign Currency on Departure Side of Airport
· Part IVA Not Applied to Complex Corporate Group Restructure
Fiscal Watch August Special Edition 2009
Welcome to a special edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the August special edition:
· No Priority for Commissioner in Company Liquidations through the issue of Section 260-5 Notices
Fiscal Watch August 2009
Welcome to the August edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the August edition:
- Proposed New Rules for Employee Share Schemes (ESS)
Fiscal Watch June 2009
Welcome to the June edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the June edition:
- Footballers management expenses deductible – Spriggs and Riddle
Fiscal Watch May 2009
Welcome to the May edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the May edition:
- Budget 2009 - Tax Highlights
Fiscal Watch Special Editon
March 2009
Welcome to a special edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the special edition:
- Carbon Reduction Scheme and Proposed Tax Treatment
Fiscal Watch March 2009
Welcome to the March edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the March edition:
- Income Tax
- Stamp Duty
Fiscal Watch February 2009
Welcome to the January edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the January edition:
- Tax Effective Non-Forestry Agricultural Managed Investment Schemes Alive Again
Fiscal Watch January 2009
Welcome to the January edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the January edition:
- Tax Effective Non-Forestry Agricultural Managed Investment Schemes Alive Again
Fiscal Watch October 2008
Welcome to the October edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the October edition:
Income tax
Progress of tax legislation
Australia/Japan tax treaty Bill
Taxpayers not entitled to transfer pricing determinations
A trust case decision and its tax implications
Non-forestry Managed Investment Schemes issues paper
Interaction between the winding up provision of the Corporations Act and the powers of the Commissioner to recover a "Tax Debt".
GST
ATO's new view on GST and residential development costs
Recipient credit tax invoices for agricultural producers
Superannuation
Borrowing by Self Managed Superannuation Funds - draft ruling
Fiscal Watch July 2008
Welcome to the July edition of Piper Alderman's Fiscal Watch.
Read the latest information on tax related matters.
Highlights of the June edition:
Income tax
Distribution of managed investment trust to foreign investor
Land impairment trust arrangement
Demutualisation of not-for-profit health insurers
GST
Bare trusts - who gets the input tax credits?
Margin scheme and general law partnerships
Unit developer entitled to use valuation method
Stamp duty
Valuation and land rich duty
Superannuation
Contribution limits
- Fiscal Watch May 2006 – 1.0MB
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Fiscal Watch October 2007 – 1.1MB
- Fiscal Watch September 2007 – 426.1kB
- Fiscal Watch June 2007 – 330.0kB
- Fiscal Watch July 2006 – 420.5kB
- Fiscal Watch November 2007 – 1.4MB ALP Tax Policy – Watch this Space
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December 2007 – 201.5kB
This edition covers:
Is Your Will Tax Effective?
Public Trading Trusts – Will you be caught?
Self Managed Superannuation Funds – Gearing of Investments
Section 255 Notice Effective to Intercept Dividend Payments to Non-resident
Personal Services Business (PSB) – Operation or Results Test - Not determined by whether independent contractor or employee – separate test
Section 255 Notice to Intercept Dividend Payments to Non-resident
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February 2008 – 1.7MB
Welcome to the February 2008 Fiscal Watch
This edition covers:
Forestry Projects – ATO Practice Statement
Guernsey Protected Cell Company not a CFC
Commercial Debt Forgiveness
Australia – Japan Double Tax Agreement -
Fiscal Watch March 2008 – 3.8MB
Welcome to the Piper Alderman March 2008 Fiscal Watch
This edition covers:
Income Tax
> Carbon sink forests
> CGT: Holiday unit not an active asset
> CGT: beneficiary of family trust not entitled to apply CGT small business concessions
> Treatment of geosequestration expenditure
Goods and Services Tax
> Registered agricultural managed investment schemes
> Margin scheme ñ unit developer not entitled to apply valuation method
Stamp Duty
> Duty on Stapled securities
> Land Rich duty
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Fiscal Watch June 2008 – bytes
Welcome to the June edition of Piper Alderman's Fiscal Watch.
Read the latest information and advice on tax matters.
Highlights of the June edition:Income tax
Convertible notes - debt or equity?
The Income-Capital dichotomy
Main residence exception - delay in moving into dwelling
Put it in writing
GST
Deposits - where to from here?
Stamp duty
Lease Duty - raises key infrastructure issues
Land tax
South Australia's land tax changes
Budget highlights
