This remains the case unless a double tax agreement with another country assigns residency to that country based on a tie-breaker provision. These provisions can be complex and depend on the facts, so advice may be needed.…
It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
Tax effective structures for Australian investments in US-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Tax effective structures for US investments in Australian-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Australian Tax Changes 2022-2023. Recent changes are outlined below: Keywords: Australian Tax Changes 2023. Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Tax Insight: Your private bank account data transferred overseas by the Government. What? Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Save tax - foreign losses. From July 2008 the quarantining of foreign tax losses was abolished and these can be claimed against any other income. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Save Tax: Selling assets tax free. If you have assets or investments in your self managed super fund and you move it into pension phase and then sell the assets, there is no CGT or other income tax on the sale of the assets! Keywords: Next Article.…
Save Tax: Meals and refreshments. You can claim a deduction for the cost of tea, coffee and light lunches provided to employees on the work premises during working hours. These are exempt from FBT. Keywords: Next Article.…
Save Tax: Borrowing Expenses. Legal costs, stamp duty, mortgage preparation and valuation fees, broker's charges, etc are deductible if business related and should be pro rated over the period of the loan, up to a maximum of five years.…