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Results: 1-10 of 48

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


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


Residential property entitlement to input tax credits
  • Piper Alderman
  • Australia
  • February 26 2010

In a recent case, a purchaser had purchased real property that contained a tenant but the purchase price had included GST


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


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