Foreign Resident Capital Gains Withholding Rules

Foreign Resident Capital Gains Withholding Rules

Print this article: The ‘foreign resident’ capital gains withholding rules apply to Australian residents too The misnamed ‘foreign resident capital gains withholding’ (FRCGW) regime not only affects Australian residents but requires them to comply with legal...
Australian House Prices [Infographic]

Australian House Prices [Infographic]

Print this article:   The misleadingly-named Foreign Resident Capital Gains Withholding rules now apply to transfers of Australian real property valued at $750,000 or more. This reduced threshold took effect on 1 July 2017 (previously it was $2 million). Who do...
Company tax cuts: clarification made complex

Company tax cuts: clarification made complex

Print this article:   UPDATE: On 18 October 2017, the Government tabled in Parliament draft legislation to introduce an 80 per cent passive income eligibility test for the lower corporate tax rate from 2017–18. The Treasury Laws Amendment (Enterprise Tax Plan...
Company Tax Cuts [Infographic]

Company Tax Cuts [Infographic]

Print this article:   This infographic shows how the company tax and dividend imputation systems have evolved over the decades. Change is ongoing, and in mid-May 2017 — a mere six weeks before the end of 2016–17 — company tax cuts and changes to the calculation...
The New Franking Conundrum

The New Franking Conundrum

Print this article:   Corporate clients are in the midst of finalising their 2016–17 financial statements, calculating tax liabilities and deciding how much of the year’s profits to pay out as dividends. This same process occurs each year … but it will not be...