‘Asset protection' is a term for a broad range of planning activities to reduce the risk exposure for business owners.

he Bill contains the proposed measures to provide a 15% concessional MIT withholding rate for certain eligible build-to-rent developments along with an accelerated capital allowance deduction of 4% per year.

Changes essentially impose a higher tax rate and a lower threshold to contracts of sale to foreign residents.

The ATO is now using data analytics to discover when a wealthy individual disposes of a valuable asset subject to tax.

The High Court confirmed that the terms of a trust deed are of vital importance concerning the taxation of trusts.

Developers should be aware that an updated certificate must be applied for in the event that a project is delayed.

The ATO has tentatively accepted that GST is only payable on the cash consideration paid for the purchase of a retirement village.

If certain conditions are satisfied, the buyer will not be required to withhold any amount from the purchase price.

These changes represent a government intention to crack down on foreign property investors evading tax obligations.

The Budget changes include CGT relief that allows SMSFs to reset cost bases of assets to market value before 1 July 2017.

A look at an ATO Tax Determination regarding gains and losses from the disposal of investments held by a trust.

A current GST review being undertaken by the Australian Tax Office (ATO) could result in a significant increase in GST imposed on the retirement village industry.

This case will ultimately impact using discretionary trusts for asset protection, flexibility and succession planning.

Foreign residents are again targeted in proposed changes to the CGT rules and a proposed new withholding tax regime.

The current economic downturn is a golden taxation opportunity for businesses considering a restructure.

Full FC finds that the definition of Active Asset for the small business CGT concessions should be given a broad meaning

Recently the Federal Court held that the liquidator of PM Developments Pty Ltd (PMD) was not liable for the GST payable on the sale of property pursuant to a contract made after the liquidator's appointment.

In many family law property settlements, there may be taxation or duty consequences that neither spouse has considered.

These tax changes apply to purchase or sale transactions of freehold property with a market value of $2 million or more.

In 2001 the ATO issued a Statement of Principles in relation to trust resettlements but have steadfastly refused to formalise this into a public ruling.