Australia's proposed capital gains tax reforms will dramatically expand what constitutes taxable Australian real property for foreign investors, capturing previously exempt assets like solar farms and infrastructure. The most controversial aspect is the retrospective application dating back to 2006, potentially exposing foreign investors to unexpected tax liabilities on historical transactions they believed were compliant.

The chapter on Australia provides insight into the tax treatment of recent Australian mergers and acquisitions.

On 31 October 2008, the Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP announced that legislation will be introduced shortly to abolish the exemption from capital gains tax for trust cloning, with effect from the date of the announcement.

If you're involved in transactions concerning Australian land, you will need to factor in changes to the FRWT Regime.

Last week, the Tax Laws Amendment (2008 Measures No.5) Bill 2008 was introduced into parliament, making good on the Government's promise to restrict the application of the margin scheme on property sales that were previously acquired as a GST-free supply of a going concern or farmland.

The ATO recently released GSTR 2009/4: New residential premises and adjustments for change in creditable purpose.

This checklist highlights issues that may impact on the ability of clients to access the CGT small business concessions.

This article highlights a few of the ways in which CGT event K3 can impact your estate and why it should be considered.

A taxpayer who jointly owned a townhouse with his son was liable for CGT on his share of the property when it sold.

Recent changes focus on cracking down on foreign investors and attempting to reduce the rising threat of identity fraud.

The ATO noticed common errors when taxpayers apply the small business CGT concessions, so has offered some tips to help.

It has recently been announced that a large part of the increased revenue expected to be obtained from the proposed Mineral Resource Rent Tax is to be directed towards an increase in the superannuation guarantee levy.

Interim report by Productivity Commission has now been released.

This loan was included in the calculation of assets for the MNAV test of eligibility for small business CGT concessions.

Australia's 2017/18 Federal Budget published on 9 May 2017 included a number of developments international companies, foreign investors and foreign residents need to be aware of.

The Rudd Government introduced Tax Laws Amendment (No 1) Bill 2010 (the "Bill") into Parliament. The primary focus of the Bill is to legislate the capital account election for Managed Investments Trusts ("MIT’), which was initially announced in the 2010 Federal Budget.

The NSW Treasurer, Eric Roozendahl yesterday released a mini-budget in which the State's budget position has moved from a projected surplus of $700 million at the time of the 07/08 Budget to a $917 million deficit disclosed in the mini-budget.

If you are doing a Will, or you are the executor of a deceased estate, consider what taxes and duties could be payable.

This system of withholding payments as part of a property settlement process aims to collect CGT from foreign residents.

The NSW government has introduced the Retirement Villages Amendment Bill which contains a number of changes that will, if passed, have a significant impact on the operation of retirement villages in NSW.