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Results: 1-10 of 46

Time of derivation of income for cash taxpayer

  • Piper Alderman
  • -
  • Australia
  • -
  • September 20 2010

In a recent case, a taxpayer who returned income on a cash basis attempted to argue that notwithstanding he received a transfer of land in one income year as consideration for services performed in an earlier income year, that it was the value of the land at the time of performance of the services in the earlier income year that should be returned as assessable income

Amendments to trust deeds Bamford impact statement what is income?

  • Piper Alderman
  • -
  • Australia
  • -
  • June 9 2010

The Commissioner has now issued a decision impact statement in relation to the High Court recent decision in Bamford

Failure of forestry schemes applicability of deductions for Division 394 forestry schemes

  • Piper Alderman
  • -
  • Australia
  • -
  • November 30 2009

Under Division 394, a deduction is allowed for amounts paid to acquire a forestry interest provided certain conditions are met, one of which is that the trees must be planted within 18 months after the end of the year of income in which amounts were first paid under the scheme

NSW payroll tax grouping provisions

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

The NSW Payroll Tax Act 2007 has very wide grouping provisions

Trust to trust roll-over relief

  • Piper Alderman
  • -
  • Australia
  • -
  • December 17 2009

Proposed legislation that is currently before Parliament will provide for trust to trust roll-over relief where a CGT asset is transferred from one fixed trust to another fixed trust

NSW home builders bonus

  • Piper Alderman
  • -
  • Australia
  • -
  • June 9 2010

The 2010 NSW budget includes the announcement of stamp duty exemptions and concessions for certain purchases of new homes, homes off the plan, and vacant land on which a new home will be built

GST vacant land residential premises

  • Piper Alderman
  • -
  • Australia
  • -
  • December 17 2009

In a recent case, the taxpayer sought to argue that vacant land was still residential premises for GST purposes even though there was no structure on the land that could constitute living facilities

Proposed new rules for employee share schemes (ESS)

  • Piper Alderman
  • -
  • Australia
  • -
  • August 18 2009

On 14 August 2009, the Government issued draft legislation and associated materials on the ESS previously announced in the 2009 Budget

Resource exploration rebate (RER)

  • Piper Alderman
  • -
  • Australia
  • -
  • May 31 2010

The Government has announced that it proposes to amend the tax laws so that companies undertaking mineral petroleum exploration will be entitled to receive a refundable tax offset at the company tax rate for their exploration expenditure

Family trusts quotation of tax file numbers of beneficiaries

  • Piper Alderman
  • -
  • Australia
  • -
  • February 26 2010

The Government has issued an exposure draft which will amend the provisions of the income tax law to require the trustee of closely held trusts to withhold income tax at the highest marginal tax rate where the beneficiary has not disclosed its tax file number