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Results: 1-10 of 48

Trusts - unpaid present entitlements and private companies deemed unfranked dividend
  • Piper Alderman
  • Australia
  • June 9 2010

The Commissioner has finalised his ruling on when an unpaid present entitlement of a private company beneficiary of a trust is a loan for Division 7A purposes


Division 7A and foreign companies
  • Piper Alderman
  • Australia
  • June 9 2010

The Government has introduced legislation to make it clear that the Division 7A rules apply to Australian resident shareholders of foreign private companies and associates of those shareholders


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


NSW home builders bonus
  • Piper Alderman
  • Australia
  • June 9 2010

The 2010 NSW budget includes the announcement of stamp duty exemptions and concessions for certain purchases of new homes, homes off the plan, and vacant land on which a new home will be built


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"


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


Application of Part IVA in corporate reconstructions getting the alternate postulate right
  • Piper Alderman
  • Australia
  • September 20 2010

There have been two recent cases involving corporate reconstructions with contrasting results for the taxpayer in relation to the application of Part IVA to those factual situations


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


Managed investment trusts making CGT choice
  • Piper Alderman
  • Australia
  • July 14 2010

If you are an Australian managed investment trust you may make a choice that certain assets of your trust are to be treated on capital rather than revenue account e.g. shares and land


Indirect tax sharing agreement
  • Piper Alderman
  • Australia
  • July 14 2010

As of 1 July 2010, a GST group or a GST joint venture can enter into an Indirect Tax Sharing Agreement (ITSA) which will limit a GST group member's joint and several liability for the indirect tax liabilities of the group