Property Development And Tax Obligations

Property Development And Tax Obligations

The ATO keeps an eye on property developers The ATO seems to be always looking over the shoulder of property developers to make sure they are complying with their tax obligations. The considerations facing the ATO are many and varied, but can include topics such as...

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Director Penalties To Include GST Liabilities

Director Penalties To Include GST Liabilities

SMSF must meet the ‘sole purpose test’ to avoid penalties When commencing any self-managed superannuation fund (SMSF), there is one over-riding expectation that newly trustees should come back to again and again — that their fund must meet the sole-purpose test. This...

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CGT Concessions For Active Assets

CGT Concessions For Active Assets

Director penalty notices for GST will take effect on October 2019 The strengthening of the director penalty regime has been reported here before — for instance, having director penalty notices (DPNs) extended to superannuation guarantee obligations from 1 March 2019....

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Super Contribution Splitting With Your Spouse

Small business active assets can help you with CGT concessions For small business owners who are disposing of assets that have risen in value during the time they have owned and used them in their business, accessing one or more of the available small business capital...

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