By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Effective Date: 6 September 2017 The rules for LRBA’s and superannuation funds do not prohibit the loan being made by related parties. A question that some ask is whether the
Superannuation Reform 2016 – Planning Pointers
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Effective Date: 30/07/2017 The superannuation reforms announced in the 2016 Federal Budget have largely been implemented. Many of the changes simply adopt the government announcement. However, there are some changes
Superannuation Reform 2016 – A Roadmap to guide you through the maze
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The 2016 Federal Budget proposed the most significant reform to superannuation since 2007. Much of the legislation for the implementation of that reform has been implemented with the passing of
Small Business Restructure Rollover – Opportunities with Some Limitations
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The Tax Laws Amendment (Small Business Restructure Roll-over) Act 2016 implements the Small Business Restructure Rollover announced in the 2015-16 Budget. It is operative for restructures that occur on or
Foreign Resident Withholding Tax – Practical Effects
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The general thrust of this new CGT withholding regime is to require a purchaser to withhold 12.5% of the purchase price on acquisitions from foreign vendors of real property (real
2016 BUDGET POINTERS
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The passing of each federal budget will always be of interest to those of us that practice in the tax structuring sphere. We will be keenly conscious of changes that
Structures for Property Development
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The choice of structure adopted for a property development project often has a key bearing on the tax implications and commercial viability of that particular property development project. In this
The Value of Legal Expertise in Tax Disputes
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Key Points Court appeals will often cost in excess of $200,000, which most clients will not want to pursue and will wish to avoid (a cost benefit analysis will not
Small Business Restructure Rollover – Opportunities and Drawbacks
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) On 5 November 2015, Treasury released an exposure draft of a proposed Small Business Restructure Rollover. The concept behind the rollover will be welcomed, as announced in the 2015-16 Budget,
Protection of Superannuation
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Bankruptcy law excludes some assets from being available to meet liabilities owing to creditors: for example, certain kinds of household property, a motor vehicle worth less than $7,500, and an