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Aug 2014 Tax Round Up - Trust Arrangements!

by Knowledge Shop Editor, on 06/08/14 09:00

Why property developers working through trusts are under ATO scrutiny, the problem with trust reimbursement arrangements, why a director of a liquidated company copped a $45,000 penalty for recklessness over a PAYG credit claim, and the confusion over reasonable travel and overtime meal allowances – what they really mean.



Knowledge Shop members, download the full tax round up covering all the key issues over the last month from the members website (you will need to log in first).

In Knowledge Shop’s online tax round up this month, join Michael Carruthers (Director, Hayes Knight), Rae Ni Corraidh (Tax Adviser, Knowledge Shop), and Lisa Armstrong (MD, Knowledge Shop) for:

  • Trust reimbursement arrangements - trusts distributing income to a beneficiary but providing the funds to someone else – and what the ATO’s position really means.
  • The ‘shot across the bow’ of property developers utilising a trust structure.  We look at Taxpayer Alert 2014/1: Trusts mischaracterising property development receipts as capital gains.
  • The confusion over reasonable travel and overtime meal allowances – TD 2014/9
  • The “reckless” director and the PAYG credit claim - Cameron and Commissioner of Taxation [2014] AATA 499

Knowledge Shop members have access to the full tax round up covering all of the important issues - just so you don't miss anything. To see what Knowledge Shop membership offers, call us on 1800 800 232 or take a tour online.

Topics:Tax & AccountingCGTGSTDiv 7Aproperty developmentPAYG

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