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Proprietor’s funds
www.lovetts.com.au/news/proprietors-funds

Proprietor’s funds. Question: Can you direct me to where I might find more information on the definition of “drawings”? Answer: This is a commonly used term to indicate funds withdrawn from a business by its proprietors.

Proprietors' funds
www.lovetts.com.au/news/proprietors-funds-2

Answer: This is a commonly used term to indicate funds withdrawn from a business by its proprietors.

Super funds – CFDs
www.lovetts.com.au/news/super-funds-cfds

Super funds – CFDs. Question: Can a super fund invest in CFDs? If so, what is the value of the threshold? Answer: Contracts for Difference. or CFDs are a sophisticated and fairly high risk product available to investors and traders.

New Investment Manager Regime
www.lovetts.com.au/news/new-investment-manager-regime

Private equity investors will miss out in the Government’s newly announced Investment Manager Regime designed to attract substantial funds from offshore for management within Australia.

Is it a bird, is it plane, no … it’s SuperStream
www.lovetts.com.au/news/is-it-a-bird-is-it-plane-no-its-superstream

In March 2010 the Government released a proposal called SuperStream to introduce an industry wide electronic data and payment transfer system for superannuation funds but excluded self-managed super funds from the scheme.

German agreement to tax undisclosed Swiss bank accounts
www.lovetts.com.au/news/german-agreement-to-tax-undisclosed-swiss-bank-accounts

The agreement provides: + Existing undisclosed bank account funds will be taxed in Switzerland with a withholding tax between 19 and 34 percent (depending on how long the funds have been hidden and the rate of capital gain); + The final withholding tax on future

Save Tax: Interest Claims
www.lovetts.com.au/news/save-tax-interest-claims

Deductibility of interest depends on the use to which the borrowed funds are put. Always reduce your home loan before reducing any business borrowings. You can use the equity in your home as collateral to borrow money for business purposes.

Self Managed Super Funds – Investment properties
www.lovetts.com.au/news/self-managed-super-funds-investment-properties

Self Managed Super Funds – Investment properties. A Self Managed Super Fund wanting to borrow to buy a property faces an unnecessary complication in that the property must be held by a separate company under a bare trust on behalf of the Super Fund.

Employers, companies, trusts and super funds to give bank account details to ATO
www.lovetts.com.au/news/employers-companies-trusts-and-super-funds-to-give-bank-account-details-to-ato

Employers, companies, trusts and super funds to give bank account details to ATO. FBT returns and tax returns for companies, trusts, super funds, body corporates will need to disclose the tax paying entity’s bank account details from July 2014.

Revenue Authorities focus of taxing offshore income
www.lovetts.com.au/news/revenue-authorities-focus-of-taxing-offshore-income

Many countries who relied on secrecy to attract investments and trade are now shedding their reputation as tax havens and providing details to other jurisdictions.