This month's top superannuation Q&As live from the Knowledge Shop Help Desk: Property flipping and renovating inside an SMSF Treatment of recontributions Tax treatment of contribution splitting for the receiving spouse Segregating a property asset between SMSF members When is an actuarial certificate necessary post 1 July 2017? The pooled approach and transitional CGT relief for pensions in excess of $1.6m The treatment of a SMSF in excess of the $1.6million Transfer balance cap.
ATO targets property flipping renovators, clarity on the company tax rate rules and what they mean for the 2017 and 2018 years, and how the taxable payment reporting system works for cleaners and couriers. Join the Knowledge Shop team for all this and more.
This month's top tax & accounting Q&As live from the Knowledge Shop Help Desk: Is someone on a bridging visa a resident of Australia for tax purposes? When a non-resident lends money to a company in Australia Can the lower company tax rate apply to a bucket company? HELP debt repayment amounts How do the proposed changes affect rental property deductions?
Retrospective changes to the company tax rate rules, TBAR: SMSF event based reporting now live, and clarity on rental property travel and depreciation deductions. Join the Knowledge Shop team for all this and more.
An analysis of Knowledge Shop’s help desk has revealed that just over 56% of accountants asking trust related questions are unclear about how trust law applies in practice. Knowledge Shop answered 7,904 trust related questions on the help desk over a 12 month period.
SMSF event based reporting consultation paper released, clarifying the small business tax offset for trusts and partnerships, and the case of the cleaning company, sequestered carbon and Part IVA. Join the Knowledge Shop team for all this and more.
This month's top tax & accounting Q&As live from the Knowledge Shop Help Desk: 7 or 25 years? Division 7A loan terms CGT implications on inherited property GST on sale of part of a business Australian resident owning rental property in New Zealand Can a payment in lieu of notice be treated in the same way as a redundancy payment?
The ATO modernises its position on tax and travel and the implications of the expansion of the foreign resident withholding rules A number of pieces of tax legislation have either been introduced into Parliament or have become law, including changes to the foreign resident withholding rules that were announced in the 2017-18 Federal Budget.
The practical issues arising from the SBE threshold changes and the corporate tax rate changes. Parliament has finally passed the Bill containing the increase in the SBE turnover threshold. While it all seems straight forward, there are a few details for practitioners to get across.