November 2020 Tax Round Up - Implementing the 2020-21 Budget measures

by Knowledge Shop Editor, on 04/11/20 11:06

The 2020-21 Federal Budget stimulus measures dominated this month, we explore the key initiatives and developments and where they are up to.

Members, download the full November - 2020 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Join Michael Carruthers (Tax Director, Knowledge Shop) and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits of change for accountants and advisers:

  • The Budget 2020-21 measures – where the announcements are up to and the impact of the key initiatives. The JobMaker hiring credit, the loss carry-back tax offset, immediate expensing of depreciating assets, the changes to the R&D tax incentive, company residency, CGT treatment of granny flats, and more.
  • Land sold in the course of an enterprise - the impact of San Remo Heights Pty Ltd v FC of T [2020] AATA 4023. GST on vacant land sold by a company taxpayer.
Topics:Tax Round Up



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