by Deloitte Private | Oct 1, 2012 | Features
Unlike previous changes to Division 7A, the proposed changes under TD 2012/10 could actually be advantageous for taxpayers whose transactions fall under Division 7A. Recap of Division 7A The Division 7A provisions effectively deem certain amounts paid, lent or...
by Deloitte Private | Aug 1, 2012 | Features
Getting personal Sonny Pty Limited (Sonny) has made a number of loans to an associated company, Cher Pty Limited (Cher), to assist the company in funding its business activities. Pressure from Cher’s trade creditors in recent months, however, has led Sonny to cancel...
by Deloitte Private | Jun 1, 2012 | Features
About 1.7 million property owners use negative gearing – where the income generated by rental payments does not cover the interest on the home loan – to claim the losses as a tax offset. This generated a net rental loss of $6.5 billion for the 2010/11 financial year,...
by Deloitte Private | Apr 1, 2012 | Features
DP Co has two employees, Mr Silk and his wife, Mrs Silk. The majority of DP Co’s work comes from one company, which contracts him to provide IT maintenance services on a yearly basis. DP Co is paid a fixed fee every six months. The contract states that the work done...
by Deloitte Private | Feb 1, 2012 | Features
He wishes to exploit this ‘amazing’ technology overseas and asks you, his trusted accountant, what his options are. Whatever you propose must be the most tax-efficient structure in terms of cash flow and should give the best result for shareholders on future exit....
