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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

234

Published

September 30, 2020

Notes Online Home 2019 Tax Hot Spots

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

Topics included in these notes cover:

  • Status update of key tax and super Budget announcements and proposals
  • Division 7A – A new era beckons
  • What’s new in 2019
  • CGT update for 2019
  • What’s new for trusts?
  • GST developments
  • Superannuation developments
  • Latest practitioner issues

Chapters and Articles in 2019 Tax Hot Spots

NEW ATO guidelines give greater clarity where MRE applied to inherited dwellings

Dangers with overseas assets and claiming the CGT general discount

ATO issues NEW guidelines on claiming CGT relief for a marriage breakdown

Time limits for claiming GST credits

GST concessions and real property sales

ITC claims based on book entries denied

GST at settlement – Trap for vendors!

TPB review finds tax practitioners are NOT satisfying their CPE requirements

NEW tracking system for monitoring company directors

NEW tools for small businesses to challenge ‘unfair’ ATO assessments

Recent decisions highlight the dangers of unexplained bank deposits

Recent retirees now able to make super contributions under a ‘modified’ work test

ATO given greater weapons to tackle super guarantee non-compliance

Recent cases highlight the dangers with auditing SMSFs

Recent decision highlights problems for parents seeking super death benefits

ATO issues new guidelines on in-house asset rules and the sole purpose test

Traps with the succession of trust assets

NEW ATO ruling on trust vesting spells danger for year-end trustee resolutions!

New ATO guidelines on rental property travel restrictions

Taxpayer denied claims for overtime meal allowance deductions

Shareholders under increased scrutiny for capital vs. revenue classifications

Company loss rules – Dealing with the NEW ‘similar business test’

The dust settles on company tax rates

NEW ‘black economy’ measures now law!