Proposed changes to eligibility for company tax cut

Proposed changes to eligibility for company tax cut

Print this article:   The highly anticipated measures that will prevent passive investment companies from accessing the lower corporate tax rate from 2017–18 were introduced into Parliament on 18 October 2017. The Bill proposes to improve the current law by...
ATO focus on work-related claims [Infographic]

ATO focus on work-related claims [Infographic]

Print this article:   An ATO crackdown on work-related expense claims has been a regular feature of Tax Time for the past few years. For 2017 tax returns, the ATO will be focusing on clothing-related expenses and car expenses. Our article, The ATO has an eye on...
ATO focus on work-related claims

ATO focus on work-related claims

Print this article:   The ATO has an eye on every 2017 work-related expense claim As soon as Tax Time 2017 began, the ATO activated its version of a warning system via the Australian media to caution individual taxpayers and their advisers against over-claiming...
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...