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Sham loans taxpayer wins appeal

Piper Alderman
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Australia
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April 2 2013

In a recent case, the Full Court had to consider whether or not a finding by the AAT that international funds transfers made as between the taxpayer

Scheme promoter civil penalty provisions commissioner loses

Piper Alderman
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Australia
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April 2 2013

The Federal Court recently had to consider the application of the scheme promoter penalty regime introduced by the Government in 2006 for the purpose

Small business CGT relief - maximum net asset test - liabilities related to an asset

Piper Alderman
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Australia
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April 2 2013

Once again the complexity of the small business CGT concessions has been revealed in a recent Full Federal Court decision and shows the importance in

Non-portfolio dividend trust as the head company of consolidated group

Piper Alderman
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Australia
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January 20 2013

Under the tax consolidation provisions, a trust (as distinct from the trustee) which is a corporate unit trust or a public trading trust can be a

Deductibility of indemnity payment

Piper Alderman
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Australia
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August 29 2012

The Full Court has recently held that a payment made by the taxpayer to a related company for indemnifying the taxpayer company against loss under an anterior forward exchange contract with another related company was an allowable deduction under the general deduction section

GST general anti-avoidance provision

Piper Alderman
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Australia
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August 29 2012

The Full Court of the Federal Court recently had to consider the application of the general anti-avoidance provisions as well as the application of the margin scheme

Trust resettlements

Piper Alderman
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Australia
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June 27 2012

Following the Full Federal Court decision in Commissioner of Taxation v Clark and the refusal by the High Court to grant special leave to appeal, a draft public taxation determination has been issued on the question of trust resettlements

Small business CGT concessions maximum net asset value test

Piper Alderman
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Australia
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March 27 2012

In a recent Federal Court decision, the taxpayers being a husband and wife had sold their shares in a company and claimed the 15 year retirement exemption with respect to the capital gain each of them had made in relation to their shareholding in the company

Film tax offsets what is a documentary?

Piper Alderman
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Australia
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March 27 2012

The income tax laws provide for tax offsets for certain Australian production expenditure incurred by a production company in making a film

Stamp duty novation or assignment cancelled contract

Piper Alderman
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Australia
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March 27 2012

The NSW Duties Act provides that where an agreement for the sale or transfer of dutiable property is cancelled, the agreement is not liable to duty if the Chief Commissioner is satisfied of certain matters