Insights

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21 Jul 2021

Greensill appeal dismissed

Australian discretionary trusts may not be an optimal structure for holding assets where capital gains are to be distributed to foreign beneficiaries.

16 Jun 2021

Corporate and commercial

Prepaid rent found to be not deductible

Full Federal Court finds that payments made by a franchisee in connection with the acquisition of McDonald's restaurants and described as prepayment of rent were not deductible in Mussalli v Commissioner of Taxation [2021] FCAFC 71.

19 May 2021

Corporate and commercial

Land leased by charitable institutions to third parties may be exempt from land tax

Supreme Court of Victoria finds that land owned by the University of Melbourne leased to provider of student accommodation facility was exempt from land tax in The University of Melbourne v Commissioner of State Revenue [2021] VSC 156.

18 Mar 2021

Corporate and commercial

Allocation of profits by professional firms - draft guidelines released

Finalised guidelines will apply from 1 July 2021 although transitional provisions may apply to arrangements entered into before 14 December 2017.

6 Nov 2020

Corporate and commercial

Change to foreign capital gains withholding obligations for mortgagees exercising power of sale

Many mortgagees selling land under a power of sale will no longer be required to apply for a variation of the foreign capital gains withholding amount after the issue of a legislative instrument by the Deputy Commissioner of Taxation.

25 Oct 2020

Corporate and commercial

New stamp duty exemption for small business restructures in Queensland

The Queensland Office of State Revenue has introduced an administrative arrangement which exempts certain restructures involving small businesses from transfer duty and vehicle registration duty.

13 Oct 2020

Corporate and commercial

What is an active asset for the small business CGT concessions?

Full Federal Court finds that the definition of active asset for the small business capital gains tax (CGT) concessions should be given a broad meaning in Eichmann v Commissioner of Taxation [2020] FCAFC 155

13 Oct 2020

Transport and logistics Restructuring and insolvency

Virgin administration leads to consideration of Cape Town Convention obligations

A useful summary for aviation industry, finance and insolvency practitioners of the Full Court of the Federal Court's decision in VB Leaseco Pty Ltd (Admin Appointed) v Wells Fargo Trust Co, National Association [2020] FCAFC 168.

17 Sep 2020

Corporate and commercial

ASX announces latest update to COVID-19 Class Waivers

Listed entities need to be aware of the latest changes to temporary emergency capital raising relief announced by ASX on 15 September 2020.

10 Sep 2020

Corporate and commercial

Turning over the leaf: TGA hands down its interim decision on CBD scheduling

Over-the-counter access to CBD in Australia is one step closer following TGA's announcement.

Insights

Greensill appeal dismissed

Prepaid rent found to be not deductible

Land leased by charitable institutions to third parties may be exempt from land tax

Allocation of profits by professional firms - draft guidelines released

Change to foreign capital gains withholding obligations for mortgagees exercising power of sale

New stamp duty exemption for small business restructures in Queensland

What is an active asset for the small business CGT concessions?

Virgin administration leads to consideration of Cape Town Convention obligations

ASX announces latest update to COVID-19 Class Waivers

Turning over the leaf: TGA hands down its interim decision on CBD scheduling

Expertise

Archives

Insights

Greensill appeal dismissed​

Prepaid rent found to be not deductible​

Land leased by charitable institutions to third parties may be exempt from land tax​

Allocation of profits by professional firms - draft guidelines released​

Change to foreign capital gains withholding obligations for mortgagees exercising power of sale​

New stamp duty exemption for small business restructures in Queensland​

What is an active asset for the small business CGT concessions?​

Virgin administration leads to consideration of Cape Town Convention obligations​

ASX announces latest update to COVID-19 Class Waivers​

Turning over the leaf: TGA hands down its interim decision on CBD scheduling​

Expertise

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Archives

Greensill appeal dismissed

Prepaid rent found to be not deductible

Land leased by charitable institutions to third parties may be exempt from land tax

Allocation of profits by professional firms - draft guidelines released

Change to foreign capital gains withholding obligations for mortgagees exercising power of sale

New stamp duty exemption for small business restructures in Queensland

What is an active asset for the small business CGT concessions?

Virgin administration leads to consideration of Cape Town Convention obligations

ASX announces latest update to COVID-19 Class Waivers

Turning over the leaf: TGA hands down its interim decision on CBD scheduling