Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
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.
Price
$211.20
Document Type
Chapter
Pages
96
Notes Online Home 2020 Tax Hot Spots II What's new
In this chapter we discuss all the new developments for 2020, under the following broad headings:
• Temporary tax loss ‘carry back’ rules
• The current company tax landscape
• New JobMaker Hiring Credit scheme for businesses employing young job seekers
• Boost to business depreciation claims
• ATO announces new COVID-19 repayment relief for Division 7A complying loans
• Full Federal Court rejects Commissioner’s narrow interpretation of ‘active asset’
• Tax treatment of primary production fencing assets under the spotlight
• Taxpayer’s rental property ownership structure ineligible for interest deduction
• Update on ATO access and electronic return lodgment for deceased persons
• Recent decision allows home office claims made by an ‘on-call’ employee