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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

216

Published

September 23, 2020

Notes Online Home 2018 Tax Hot Spots II

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

These seminar notes cover the following topics:

  • What’s new in 2018
  • Latest developments with trusts
  • Latest developments with CGT small business concessions
  • Latest developments in superannuation
  • Black economy measures
  • Latest developments with GST
  • D.I.V.O.R.C.E AND TAX and associated tax issues
  • PRACTITIONER UPDATE  

Chapters and Articles in 2018 Tax Hot Spots II

Tax deductions denied for certain payments for failure to withhold

Taxable Payments Reporting System (‘TPRS’) expanded

Government plan to prohibit making payments in cash

Marriage breakdown CGT rollover relief

Payments and asset transfers made under a matrimonial property settlement

Borrowing to fund a property settlement

Child support assessment calculations

Tax treatment of maintenance payments

Advantages of a Child Maintenance Trust

Trust distributions to former spouses

Assets sold by spouse without consent

Modified main residence exemption rule

Dealing with ‘downsizer contributions’

Weighing up the options with respect to the Superannuation Guarantee Amnesty

2018/19 Federal Budget Super Update

SMSF Auditor found liable – dangers when auditing ‘cash’ investments

New rules may deny the CGT small business concessions on the sale of shares or units

Tribunal finds ‘minor’ business use not enough for property to be an active asset

New GST withholding obligations go ‘live’ for property buyers

Recent case provides BIG WIN for businesses that have overpaid GST

Budget annoucement provides clarity on UPEs to bucket companies

Budget clamp-down on trusts used for tax avoidance

ATO updates PCG 2017/13 to extend to sub-trust arrangements maturing in 2019

ATO launches unprecedented assault on tax agents and their individual clients

Cyber security – why it is crucial to protecting your business

New penalty ‘get out of jail free card’

NEW phoenixing reforms ‘turn up the heat’ on company directors

The company tax rate saga continues – What plan of action is required?

Professional practice guidelines – what is the current state of play?

Government ‘clampdown’ on tax benefits available when holding vacant land

Further delays from the ATO in finalising landmark travel ruling – TR 2017/D6

New ATO guidelines on FBT-exempt ‘work horse’ vehicles