Recent decisions remind the extent which CGT applies where a non fixed trust distributes capital gains to a non resident.

Section 254 of the ITAA imposes obligations on agents and trustees concerning income, profit or gains of a capital nature.

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.

In the current economic environment, where it has become increasingly difficult for vendors and purchasers to access finance, why not use the ATO as your financier?

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

Australia's new debt deduction creation rules (DDCR) operate to disallow debt deductions (e.g. interest expenses) arising on certain related party arrangements for income years starting on or after 01 July 2024.

Trust cloning strategy is unique to Queensland, so if the asset is in Qld, trust cloning may be a useful strategy.

Acquiring an Australian business involves more than just agreeing on a purchase price. Historical tax exposures lurking beneath financial statements can significantly erode deal value if left unexamined. Understanding the hidden risks of open audit windows, substantiation requirements, and capital gains tax obligations is crucial for protecting your investment and ensuring the true economic reality of your acquisition.

The 2026 federal Budget introduced significant changes to capital gains tax, negative gearing, and discretionary family trusts that may impact your estate planning strategy.

A possible obligation to pay income tax in the future does not trigger a retention obligation for the liquidators.

Redefine Australian Investments Limited (Company), an Irish-registered company was placed in voluntary liquidation on 24 January 2018. Martin Ferris was appointed as the liquidator (Liquidator).

Principal Place of Residence Land Tax exemption can still apply to you if you own less than 25% of the residence.

As part of its 2008 Budget, the Federal Government announced changes to the capital gains tax (CGT) scrip for scrip rollover provisions to take effect from 13 May 2008.

In a test-case decision handed down on 19 December 2008, the Full Federal Court ruled against the Commissioner of Taxation and held that rent, management fees and other charges payable under a Managed Investment Scheme for the production of almonds are deductible to investors.

The Fiji Government engaged external consultants who are undertaking a review of the Companies Act (Cap.247) (Fj) and the Registration of Business Names Act (Cap.249) (Fj), and related laws and regulation recently conducted stakeholder consultations in Fiji.

An Australian tax resident is ordinarily liable to be assessed on worldwide income.

When a marriage or de facto relationship breaks down, it's never easy.

Federal Court confirms the ATO view on taxation of capital gains made by the trustee of an Australian non-fixed trust.

Trustees who distribute capital gains to non-resident beneficiaries need to include these gains in assessable income.

Until the new bill, the use of a security sale facility could deny CGT relief to all of an entity's security holders.