Melbourne Partner Craig Whatman joined 3AW this week to provide insights into the Federal Budget 2025-26, handed down on March 25. Key points It was a ‘light’ budget – with some election sweeteners for individuals, but no major tax reform. The tax system is still not setup for the increases in productivity that will be […]
In a decision with potential implications for employers with business premises in suburban areas, the Federal Court of Australia held that a shopping centre car park was not a commercial parking station for fringe benefits tax (“FBT”) purposes. This decision challenges the view of car parking benefits presented by the Commissioner of Taxation (“the Commissioner”) […]
Ali Suleyman, Elena Bogomolova and Peejade Cheng from Pitcher Partners Melbourne, present the annual Fringe Benefits Tax (FBT) Update. This webinar aims to assist you in preparing and lodging your FBT return for the year ended 31 March 2025. Watch to refresh your knowledge and learn more about: Key principles of FBT Recent updates Record-keeping requirements […]
Key points Messy records mean lost deductions, denied tax credits, and ATO audits—accuracy is everything. Keep invoices, receipts, and payroll records for at least five years (some even longer) to stay compliant. Smart record-keeping isn’t just about tax—it helps you track growth, secure funding, and stay in control. When it comes to tax compliance, the […]
Last week’s unanimous Full Federal Court decision in Commissioner of Taxation v Bendel (“Bendel”) indicates that the Australian Tax Office’s (ATO) views since December 2009 about unpaid present entitlements (“UPEs”) should no longer be sustainable in the context of Division 7A. While we wait for further announcements from the ATO or the Federal Government (regarding […]
Chanel joined Pitcher Partners in 2020 as a Manager in the National Tax Group, working her way up to Client Director in 2025. Chanel has over 10 years of experience, and specialises in private wealth taxation, particularly Division 7A, trusts, corporate tax, managed funds and engagement with Australian Tax Office (ATO) reviews and disputes. Chanel […]
From 1 July 2024, the Debt Deduction Creation Rules (“DDCR”) permanently deny debt deductions (e.g. interest expenses) for payments arising in connection with certain related party transactions. Broadly, where entities have debt deductions that arise in relation to the acquisition of assets from associates, or fund distributions or royalties to associates, the rules will permanently […]
In April 2024, Australia’s new thin capitalisation rules become law (see here). Broadly, thin capitalisation applies to entities part of multinational groups that incur debt deductions (e.g. interest) of more than $2 million for an income year (on a group basis). The legislation also introduced new integrity measures known as the debt deduction creation rules. […]
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