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Results: 1-10 of 48

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


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


NSW payroll tax grouping provisions
  • Piper Alderman
  • Australia
  • October 6 2009

The NSW Payroll Tax Act 2007 has very wide grouping provisions


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


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


Supply of serviced apartments
  • Piper Alderman
  • Australia
  • 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
  • Australia
  • 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


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


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


Foreign private equity entities - taxation of gains
  • Piper Alderman
  • Australia
  • February 26 2010

The Commissioner has recently issued a draft taxation determination in relation to the taxation treatment of income gains made by private equity entities from the disposal of the target assets such entities have acquired