ATO Interpretative Decision re Active Asset Test period for beneficiary of deceased estate withdrawn
The ATO has withdrawn ATO ID 2004/531 which dealt with the Active Asset Test period for a beneficiar...
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Taxpayer fails MNAV test - Excellar's case
In Excellar Pty Limited v FC of T [2015] AATA 282, the AAT has held that a taxpayer’s net value of c...
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Dividend access share arrangement did not affect CGT - Devuba's case
In Devuba Pty Limited v FC of T [2015] AATA 255, the AAT has held that the existence of a dividend a...
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CGT treatment of earnout arrangements
Treasury has released exposure draft legislation to provide “look-through” CGT treatment for earnout...
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Treasurer releases tax discussion paper
The Treasurer Mr Joe Hockey has released a 203-page tax discussion paper which includes the challeng...
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ATO ID issued - trusts and small business participation percentage
The ATO has issued ATO ID 2015/8 which deals with one of the basic conditions to access the small bu...
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Anti-Avoidance provisions applied to scheme taking advantage of CGT concessions - Track's case
In Track and Ors and Commissioner of Taxation [2015] AATA 45, the AAT has held that Pt IVA (the gene...
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IGT report on ATO’s administration of valuation
The Assistant Treasurer has released the Inspector-General of Taxation’s (IGT’s) report on the ATO’s...
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Beneficiaries assessable on capital gain - Case 7/2014
In Case 7/2014 [2014] AATA 952, the AAT has held that a husband and wife who were beneficiaries of a...
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