by Terry Hayes | Oct 1, 2012 | Features
Taxation Ruling TR 2012/5 This ruling is about the taxation of dividends paid in compliance with s 254T of the Corporations Act 2001 from 28 June 2010. This includes the definition of a dividend for tax purposes, the assessment of dividends unders 44 of the Income Tax...
by Terry Hayes | Aug 1, 2012 | Features
Taxation Determination TD 2012/10 This TD deals with the issue of when income tax of a private company will be a “present legal obligation” for the purposes of the distributable surplus calculation under s 109Y(2) of Div 7A. It provides that if a private company has a...
by Terry Hayes | Jun 1, 2012 | Features
Taxation Determination TD 2012/1 This determination states that Pt IVA can apply to deny a deduction for some, or all, of the interest expense incurred in respect of an “investment loan interest payment arrangement” of the type described in this determination. The...
by Terry Hayes | Apr 1, 2012 | Features
Draft Taxation Determination TD 2012/D1 This draft TD deals with the issue of when income tax of a private company will be a ‘present legal obligation’ for the purposes of the distributable surplus calculation under s 109Y(2) of Div 7A of Pt III of the...
by Terry Hayes | Dec 1, 2011 | Features
Draft Self-Managed Superannuation Funds Ruling SMSFR 2011/D1 It’s rare that I devote my Tax Rulings column to one ruling, but this draft ruling is an exception. Why? Because it outlines a very basic issue for SMSFs – the circumstances where money borrowed by a...
