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A welcome announcement in the May 2009 Federal Budget was to provide deemed capital account treatment for gains and losses made on disposal of investment assets by Australian managed investment trusts.

Any capital gain is rolled over on death and CGT will only be payable if and when the beneficiary disposes of the asset.

Both employers and employees are advised to understand the tax implications of their travel arrangements.

Assistant Treasurer Bill Shorten’s announcement on 4 March 4 2011 that the Federal Government will adopt two Board of Taxation recommendations to clarify the definition of ‘distributable income’ of trusts and allow streaming of capital gains and franked distributions was enthusiastically welcomed.

Taxpayers who have sold cryptocurrency in the 2018 income year should consider to include this with their taxable income.

Australian entities involved in the sale and purchase of relevant assets should consider how the new withholding regime will apply to future transactions.

Outlines a few ways in which the immediate tax consequences arising out of a trust restructure can be deferred.

In a recent Brisbane Administrative Appeals Tribunal case, the sellers of a mobile home park in NSW had their taxable income increased by more than $2 million because of the Tribunal’s decision as to how the small business capital gains tax (CGT) concessions work.

Concessions provide taxation relief to small business by reducing or deferring the taxable capital gain that can arise.

The Victorian lease duty provisions take effect from 21 November 2008 and have the potential to create a headache for advisors.

The CGT cap may provide an opportunity for the member to put a significant additional amount into superannuation.

This is a 10% withholding payment on the disposal of certain 'Taxable Australian Real Property' by foreign residents.

Profits from property developments that have been treated as capital gains are high on the ATO target list right now.

In a significant win for taxpayers, the High Court has held that the Commissioner could not assess BHP for capital allowances previously claimed after a debt owed by a special purpose project vehicle was written off.

Investors should know the difference between Capital Gains Tax and Land Tax and all the costs associated with both taxes.

The taxation consequences of delayed property settlements and the payment of CGT.

Update on key developments in taxation law for accountants and participants in the tax advice industry up to mid-May.