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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

258

Published

September 18, 2020

Notes Online Home 2017 Tax Hot Spots

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

Topics included in these notes cover:

  • NTAA guide to the new superannuation reforms
  • Other new developments in 2017
  • Recent issues for Trusts
  • Essential GST developments
  • Latest CGT developments
  • Update on practitioner issues 

Chapters and Articles in 2017 Tax Hot Spots

Recent case highlights dangers with the sale of residential properties

Recent Court decisions highlight perils with contracts that are not clear on GST

Government announces NEW GST rules for importing low value goods

New ATO guidelines for foreign trusts making capital gains

Taxpayer denied CGT Small Business Concessions for failing ‘SBE test’

Overview of the NEW superannuation reforms

The Transfer Balance Cap

Methods for calculating exempt pension income from 1 July 2017

Transitional CGT relief for assets supporting an account based pension

Significant TRIS changes under the Superannuation Reforms

Recent superannuation reforms restrict non-concessional contributions

Significant changes for concessional contributions under the Super Reforms

NTAA Action Plan

Recent decisions highlight the dangers when claiming car and travel expenses

ATO launches major audit attack on work-related expenses

Government introduces new tax regime for ‘Working Holiday Makers’

ATO announces new FBT record-keeping concession for car fringe benefits

Latest traps and tips when paying franked dividends under the reduced company tax rates

Taxpayer denied a deduction for an inter-entity charge

ATO ‘turns up heat’ on family trust distributions

NEW ATO guidance on ‘fixed trusts’

Recent case highlights dangers when passing control of a discretionary trust

Taxpayers ‘hit hard’ by ATO over incorrect returns

ATO ramps up data matching programs and scrutiny on ABN registrations

‘Cloud computing’ arrangements

Recent decision highlights the dangers when acting for feuding family members