As 31 March is fast approaching, it is timely to commence preparations to complete and lodge your FBT return for year end 31 March 2022.
Ali Suleyman, Elena Bogomolova and Gary Matthews, will provide a general overview of key FBT areas and cover a number of recent developments as well as other important issues relevant to preparation of the FBT return.
Land tax assessment notices for 2022 are in the process of being issued by State Revenue Office Victoria.
The big issues affecting Australians, US Citizens, Green Card holders and their Advisors Are you a citizen of the United States of America (U.S) or an adviser to U.S citizens living in Australia? Perhaps, like so many over the past two years, you have found yourself returning to Australia from the U.S? All of these […]
Elizabeth offers tax advisory services to a range of clients including those in the information, communications and entertainment industries, manufacturing and industrial markets, mining industry and funds management sector. Over the life of her career Elizabeth has solved complex tax issues, with her main focus always on gaining the best results for her clients. Elizabeth […]
Lawrence is a Client Director for Tax Advisory and has provided tax specialist advisory for over 20 years. With a client base consisting of predominantly business owners, his specialities include tax treatment and implications for commercial transactions, effective tax structuring, the preparation of businesses for sale or purchase and mergers or demerger matters. Additionally, Lawrence […]
Having worked in the advisory space on accounting and tax issues for private family groups, SMEs, business subsidiaries of multinationals, and trusts, Linda has a multi-faceted understanding of the middle market. Harnessing a personable and proactive approach to client service, Linda strongly values open and honest communication to build strong longstanding client relationships. She truly […]
With over 30 years of experience in public practice, Sheree has worked with a wide range of family enterprises in relation to their business and taxation affairs. With taxation having been a large part of Sheree’s career, she is able to confidently advise on taxation matters including Capital Gains Tax, GST, corporate income tax and […]
The Australian Taxation Office (“ATO”) has issued draft taxation determination TD 2021/D1 (“draft TD”) which sets out its view that an entity must work out its aggregated turnover by reference to its income year. As such, the annual turnovers of any of the entity’s connected entities or affiliates (whether in Australia or a foreign country) must be calculated using the test entity’s income year even if the connected entity or affiliate has a different financial year end.
Entities that entered into complying Division 7A loan agreements and are unable to meet the minimum yearly repayment due to circumstances beyond their control may be given additional time beyond year end to make the repayment without a deemed dividend arising.
1 July 2021 is a key date for new stamp duty measures in Victoria, including the new premium rate of duty (for all property types) and duty concessions for acquisitions of residential properties. We outline below some important considerations in relation to these changes and opportunities to save duty.
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