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GST vacant land residential premises

Piper Alderman
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Australia
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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

Past net capital losses of trust available as offset against capital gains trust resettlements

Piper Alderman
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Australia
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December 17 2009

In a recent case, the Federal Court had to consider whether past net capital losses of a trust were available to offset against capital gains made by the trust, where there had been changes in the trust between when the capital losses were incurred and when the capital gains were derived

Supply of foreign currency on departure side of airport

Piper Alderman
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Australia
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October 6 2009

The natural construction of the GST Act would have considered that the supply of foreign currency is a supply of money and therefore a financial supply which is input taxed

Part IVA not applied to complex corporate group restructure

Piper Alderman
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Australia
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October 6 2009

The taxpayer was recently successful after a long run of cases where the Commissioner has succeeded in the application of Part IVA to deny tax benefits arising out of various transactions

Successful challenge to charitable status of organisation political activities

Piper Alderman
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Australia
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October 6 2009

There has been a campaign for some time against charities by the Commissioner in relation to their tax-exempt status and in particular there has been concern at a political level particularly under the former Government as to whether the lobbying undertaken by charities and as to whether this affects their charitable nature

CGT - main residence exemption

Piper Alderman
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Australia
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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

Supply of serviced apartments

Piper Alderman
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Australia
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November 30 2009

In our February 2009 Fiscal Watch we referred to a decision of the Federal Court in relation to whether certain supplies in relation to serviced apartments were input taxed, GST free supplies or taxable supplies

Deductibility of self education expenses

Piper Alderman
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Australia
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November 30 2009

The Full Bench of the Federal Court has recently upheld a decision at first instance that a full time student was entitled to deduct self education expenses againsther assessable income being earnings from part time work and the youth allowance