We purchased our Darwin residence in October 1988 and lived there until February 2002. We purchased a Queensland home in October 2001 and initially rented it out. From February 2002 until October 2002 we travelled around Australia and then moved into the Queensland home.Then in October 2003 we sold that Queensland home and purchased another. Our accountants have determined that we were liable for CGT on that Queensland home from the date of purchase until occupancy. We believed we were entitled to exemption because it was intended to be our main residence from purchase.We have heard that it is possible to have two family homes for a period of six months, thus we could claim there was no liability for CGT. Were our accountants correct? If no, how do we go about re-opening the issue?

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We are a GST registered company as is our customer. We provide positioning services to our customers.A particular customer claims that the services provided are used in Papua New Guinea instead of Australia. This company is a GST registered company in Australia. Is GST applicable or will it be considered as GST-free supplies?

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My client holds one share in a company with a paid up capital of $2. In October last year, the other shareholder was killed in a motor vehicle accident.Prior to his death, the company took out a life insurance policy on both shareholders. The insurance policy settlement on the deceased shareholder is over $200,000. My client wishes to pay the insurance money to the deceased shareholder’s spouse and wishes the spouse to transfer the share she holds as personal representative of the deceased shareholder to my client.The insurance policy was supposed to have been taken out in the name of the shareholder with the surviving shareholder to benefit from the death of the other shareholder with that money being used to buy out the deceased spouse’s interest in the business. This did not happen and somehow the company was the recipient of the insurance policy. Notwithstanding that the insurance policy should have been in the name of the shareholders and not the company, it was always the intent of the shareholders that the insurance money should be used to payout the spouse of the deceased shareholder.What are the tax implications for:The company if it pays the money to the spouse; andThe spouse if she transfers the share for $1 and receives the insurance payout.

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We are a motor vehicle dealership. If we were to fly a prospective buyer to the Sydney Motor Show for the day with one of our sales consultants, is GST applicable on the airfares, meals, taxis, etc? Or is it treated as non-deductible/non-GST expense? (i.e. an entertainment type expense).

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