Background Eichmann v FCT [2020] FCAFC 155 (Eichmann's case) is about whether a block of land used by a building, bricklaying and paving business connected to the Taxpayer for the storage of work tools, equipment and materials was an ‘active asset’, defined...
Tax Fundamentals articles.
I’ve been out of the tax game for a while … surely nothing has changed?
Oct 5, 2020 | Federal Budget, News, Tax Fundamentals
Changes in the tax landscape, big and small Almost invariably, the quick ‘introduce yourself’ at the start of every one of TaxBanter’s Tax Fundamentals sessions reveals a participant who is getting back into the game after a stint on the bench. Whether it has just...
An appreciation of depreciation
Feb 12, 2020 | Tax Fundamentals
Background A key module in TaxBanter’s Tax Fundamentals program is Capital Allowances. There is an array of different thresholds, applicable dates, calculation methods and hidden peculiarities throughout the provisions. Given depreciation deductions are as relevant...
Tax Fundamentals: CGT Events
Sep 11, 2018 | Tax Fundamentals, News
Pop quiz! … How many CGT events are there? Our Tax Fundamentals trainer, Lee-Ann Hayes asks this question often of her groups and enjoys the varying replies she gets back. She has heard everything from five to 200 CGT events. Occasionally, someone is...
Tax Fundamentals: What advice can I rely on?
Sep 4, 2018 | Tax Fundamentals
In 2015, the Government released its tax White paper titled ‘Re:think Tax discussion paper’. As part of the discussion on complexity, the paper noted: In the 1950s Australia had a tax system made up of around 1,080 pages of tax law. … Now we have...
Categories
Search for articles
Did you know?
Tax Yak and Banter Blog content will generally be eligible for CPD hours. Please check with your professional or regulating body to confirm.