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Results: 1-10 of 46

Exemption for “top hatting” restructures of stapled entities

  • Piper Alderman
  • -
  • Australia
  • -
  • April 16 2010

The Queensland Duties Act 2001 (Duties Act) has been amended to include a new exemption from transfer duty and land rich duty to facilitate the restructuring by "top hatting" of certain stapled entities where the CGT roll-over relief requirement and other conditions are met

CGT - main residence exemption

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

A recent tribunal decision shows that care must be taken where a residential property is acquired as a main residence but is not occupied but instead rented out because the owner has to move elsewhere for work purposes

Trusts is streaming of income permitted?

  • Piper Alderman
  • -
  • Australia
  • -
  • July 14 2010

Up until the decision of the High Court in Bamford the Commissioner has accepted that a trustee may stream categories of income to different beneficiaries e.g. capital gains and franked dividends

Mining royalties publicly owned minerals copper and gold

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

The NSW Mining Act provides that the holder of a mining lease must pay a royalty to the Minister on minerals recovered under the lease which are "publicly owned minerals"

Double stamp duty and declarations of trust

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

Care always has to be undertaken when designing a commercial transaction to ensure that double duty is not incurred in what essentially is in reality the one transaction

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

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