by Terry Hayes | Jul 26, 2013 | Features, Technical Advice
Draft Taxation Determination TD 2013/D3 This Draft TD states the ATO view that support payments made by a parent entity to its subsidiary are not deductible under s 8-1 of the ITAA 1997, as the ATO considers the support payments are capital in nature for the purposes...
by Terry Hayes | Jun 1, 2013 | Features
When compared with other payment methods, cheque and direct debit payments have an inherent risk of being dishonoured (when a cheque is presented) or being declined (when a direct debit request is processed). Having enough funds in an account to cover a cheque or...
by Terry Hayes | Mar 30, 2013 | Features
The application of GST concerning residential premises and commercial residential premises has been an area of contention for some time. It is complex and affects many transactions. The Tax Office has released three major rulings dealing with: GST and supplies of...
by Terry Hayes | Feb 1, 2013 | Features
Taxation Ruling TR 2012/8 This ruling provides the commissioner’s views on whether amounts received in respect of legal costs incurred in disputes concerning termination of employment should be included in assessable income as an employment termination payment (ETP)...
by Terry Hayes | Dec 1, 2012 | Features
An Addendum to Miscellaneous Taxation Ruling MT 2010/1 (Restrictions on GST refunds under s 105-65 of Sch 1 to the TAA) has been released to reflect the Federal Court’s decision in International All Sports & Anor v FCT (2011) 81 ATR 607. In that case, the Federal...
