New foreign investors beware: Co-operate with the Tax Office or be forced to sell-up
Foreign companies investing in Australia will have new obligations to co-operate with the Tax Office, and if they don’t keep the tax man happy they could...
Foreign agricultural land owners must notify the Tax Office if they hold agricultural land, acquire new agricultural land or dispose of agricultural land...
A recent Federal Court decision has made it abundantly clear that franking credits must be allocated to beneficiaries in the same proportion as the relevant dividends.
Can’t claim $20k loss: Share trading not a business
In a tough decision, the Tribunal has refused a $20k deduction for losses in share trading activities for a casual childcare educator in the 2011 tax year (Devi v FCT [2016 AATA 67]).
Appeal lost: Foreign companies were tax residents of Australia
The Full Bench of the Federal Court declined an appeal by multiple foreign companies against an assessment based on them being Australian tax residents.
Where you are paid weekly on a Wednesday or Thursday, you will actually have 53 pay days during the financial year ending 30 June 2016 and similarly...