Recent News from AW

Sale and Leaseback Arrangements (20061003)

A recent ruling outline taxation consequences of sale and leaseback arrangements.

Find more useful investment tips from the AW Newsletter.

Non-commercial Loss Rules Deny Business Losses (20061003)

AAT denies a taxpayer deduction claims as he failed to meet the criteria to write off bad debts and was ineligible for non-commercial loss provisions.

Find more useful investment tips from the AW Newsletter.

PSI Provisions Apply to Consultant (20061003)

AAT applies PSI provisions to a taxpayer who derived consultancy income through a company he was the sole director, shareholder and employee of.

Find more useful investment tips from the AW Newsletter.

GST — Sale of a Going Concern (20061003)

AAT finds GST-free going concern provisions apply to the sale of a hotel business (comprising separate sales contracts for sale of business assets and land), denying the purchaser from claiming input tax credits in relation to the purchase of the land.

Find more useful investment tips from the AW Newsletter.

Company Tax Losses (20061003)

Tax Office advice regarding deducting losses from net exempt income.

Find more useful investment tips from the AW Newsletter.

Consolidation — Group Restructures (20061003)

A change to the consolidation regime allows consolidated groups to restructure with minimal tax consequences.

Find more useful investment tips from the AW Newsletter.