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Results: 1-10 of 48

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


Forestry schemes amendment to 4-year holding period requirement
  • Piper Alderman
  • Australia
  • February 26 2010

One of the requirements to obtain a tax deduction for an investment in a forestry managed investment scheme where you are an initial investor is that a CGT event must not occur with respect to your forestry interest for a period of 4 years


Deductibility of interest - loan to purchase units in a hybrid trust
  • Piper Alderman
  • Australia
  • February 26 2010

The Commissioner in TD 200917 placed some doubt on deductibility of interest on loans used to acquire units in a trust where the units may carry no entitlement to share in realised capital gains of the trust


GST and supply of spectacles
  • Piper Alderman
  • Australia
  • February 26 2010

In a recent case the AAT had to consider how a transaction involving a supply of spectacles which consisted of the frame sold to the customer at a discount which was a supply and the lenses which was sold without any discount, the price of the complete pair of spectacles being the aggregate of these two amounts


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


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


Taxation of managed investment trusts
  • Piper Alderman
  • Australia
  • December 17 2009

The Assistant Treasurer has issued draft legislation, together with explanatory material, on the proposed changes to the taxation of gains and losses on disposal of investments by managed investment trusts (MITs


Change of trustee is not a CGT event
  • Piper Alderman
  • Australia
  • December 17 2009

A further proposed amendment in the Bill makes it clear beyond doubt that a mere change of trustee of a trust does not constitute a CGT event


Past net capital losses of trust available as offset against capital gains trust resettlements
  • Piper Alderman
  • Australia
  • 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