News : Tax

Compliance & Regulation, Tax

TPB bans tax agent for SAN fraud

July 31, 2020

Tharshini Ashokan

A Queensland-based tax agent has been banned for four years following a TPB investigation into SAN misuse.

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Superannuation, Tax

Retaining rent charge not NALI

May 8, 2020

Darin Tyson-Chan

An SMSF landlord that does not reduce a tenant’s existing rent expenses will not trigger a breach of the non-arm’s-length income (NALI) rules.

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Tax

Tax incentives remain important

November 8, 2019

Darin Tyson-Chan

Tax incentives will still be a significant contributing factor in the bid to encourage people to save enough money to fund their own retirement, according to Treasury.

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ATO, Tax

ATO grants NALE transitional period

November 8, 2019

Darin Tyson-Chan

SMSF trustees have the opportunity to rectify any service provision arrangements involving themselves and their fund to prevent them from falling foul of the new NALE provisions.

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Superannuation, Tax

Super taxes won’t be reviewed

July 9, 2019

Darin Tyson-Chan

The federal government has indicated the review it will conduct into the superannuation system will not examine the taxation of retirement benefits.

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Direct Domestic Shares, Tax

Companies support franking credit system

June 7, 2019

Darin Tyson-Chan

A panel of company chairs has supported the imputation system incorporated in the Australian equity market following questions raised about it during the recent federal election.

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