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Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

240

Published

September 18, 2020

Notes Online Home 2014 Tax Hot Spots

This publication, as a whole, is available in HARDCOPY only.

Topics included in these notes cover:

  • What’s NEW!!!
  • Use the PPSR or lose your assets!
  • Latest CGT cases, tips and traps
  • Trusts: what you must know
  • GST and Property: Hot, hot, hot… and More GST Updates
  • SMSFs in the Danger Zone
  • The latest Tax Practitioner issues and news from the TPB

Chapters and Articles in 2014 Tax Hot Spots

GST and Property: Hot, hot, hot… and More GST Updates

GST and Property: HOT, HOT HOT!

More GST Updates

Latest CGT cases, Tips and Traps

Home owner denied main residence exemption (‘MRE’) on newly constructed dwelling

What the CGT consequences are where an asset is acquired under a limited recourse loan

Taxpayer wins CGT reprieve despite ‘flawed’ documentation

Tips and traps with pre-CGT assets

SMSFs in the Danger Zone

New ATO Ruling sets trap for SMSFs in pension mode

Court holds that super did not form part of the taxpayer’s deceased estate

NEW guidelines on SMSF borrowings

ATO to focus on key SMSF issues

Trust denied contribution for trustee directors

The latest Tax Practitioner issues and news from the TPB

Court rebukes taxpayer for not obtaining private binding ruling or legal advice

Overlooked BAS error costs agent $’000s

Recent decision confirms taxation debts cannot be avoided by changing trustee

Taxpayer claim of not being trustee fails

NEW ATO approach to amending tax assessments

News from the TPB and its impact on your practice

Trusts: what you must know

Managing trust distributions for 2014

New ATO alert targets trust capital gains

NEW ATO focus on unpaid trust distributions

Trustee denied permission to vary deed

Use the PPSR or lose your assets!

What’s NEW!!!

NEW ATO ruling signals backflip on Division 7A and divorce

ATO launches attack on income splitting by professionals using trusts

Part IVA bolstered to attack tax avoidance schemes

NEW superannuation guarantee laws a nightmare for all company directors

Medicare levy set to rise from 1 July 2014

Taxpayer denied share losses as activities only amounted to investing

ATO determines that Part IVA does not apply to home loan reduction scheme

New Government set to slash tax breaks for small business

Employee misses out on deduction for legal costs

Tax relief for out-of-pocket medical expenses all but gone

AAT confirms expense was incurred despite informal arrangement

Employer avoids FBT on private residence provided to employee

FBT traps with fly-in-fly-out/drive-in-drive-out arrangements