Tax Q&A

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Debt Forgiveness Q: A client’s trust borrowed money from a related party but has since made losses to the point where the trust has no...

Q: Is a SMSF able to claim reduced input tax credits on tax and audit fees incurred? A: From 1 July 2012, a new reduced...

SMSF’s and claiming reduced input tax credits Q: Given that a superannuation fund will predominantly make financial supplies (that is, the provision of an interest...

Selling solar energy in your Superannuation Fund Q: My client has a property owned by their family trust being rented to a related party. Can...

GST and entitlement to input tax credits Q: Can you claim the goods and services tax (GST) included in the purchase price of a motor...

Dividends/Loans and Payroll Tax Q: Can payments made to shareholders by way of dividends (rather than salaries or wages) be subject to Payroll Tax in...

GST and Internet Supply Q: Are you liable to pay GST on the sale of the computer software downloaded from the Internet by the purchaser?...

Is this the “Sale of New Residential Premises”? A block of land contains a residential building. The block of land, together with the residential building,...

Would the sale of Guns be considered a “Collectable” for CGT Purposes? Q: A client intends to sell four guns he has held for a...

Land Tax Planning Q: I have been told that if I sell a 1% interest in a property I own, it won’t be aggregated with...

Tax Concessions for New Zealand Citizens Living in Australia Q: Is a New Zealand citizen who has lived in Australia after 26 February 2001 a...

FBT and Division 7A on Vehicles in a Trust Q: My client is the trustee of his discretionary trust that carries on various investment activities...

Subcontractors Using Entities and Superannuation Guarantee (SG) Contributions Q: Is an employer required to pay SG contributions to subcontractors operating from companies or trusts? A:...

Forgiveness of Unpaid Present Entitlements (UPE’s) Q: What are the tax implications of forgiving Unpaid Present Entitlements by the beneficiaries of a discretionary trust? A: The beneficiaries...

Superannuation Fund Contributions Q: What types of assets can I contribute to my superannuation fund? A: If you have a self-managed superannuation fund (SMSF), then...