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Results:1-7 of 7

Small business CGT relief - maximum net asset test - liabilities related to an asset
  • Piper Alderman
  • Australia
  • 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


Financial requirements for responsible entities to change from 1 November 2012
  • Piper Alderman
  • Australia
  • February 15 2012

While responsible entities of managed investment schemes still have a reasonable period of time to prepare for the changes ASIC has made to the financial requirements under their Australian Financial Services Licence (AFSL), the changes significantly increase the regulatory and financial burden they face.


Licensing requirement net tangible assets deferred tax assets included
  • Piper Alderman
  • Australia
  • October 5 2010

In a recent case, the AAT overruled a decision of ASIC cancelling the Australian financial services licence (AFSL) of a responsible entity (RE) that was the operator of a number of property trusts.


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.


Resource exploration rebate (RER)
  • Piper Alderman
  • Australia
  • May 31 2010

The Government has announced that it proposes to amend the tax laws so that companies undertaking mineral petroleum exploration will be entitled to receive a refundable tax offset at the company tax rate for their exploration expenditure.


Margin lending facilities to be a financial product
  • Piper Alderman
  • Australia
  • July 14 2009

There is a Bill before the Commonwealth Parliament which will amend the definition of "financial product" to include a margin lending facility.