News : Tax

NALE no-action period extended

March 26, 2021

The ATO will not take action in regards to non-arm’s-length expenses for another year, but has yet to decide on a final position on the matter.

read more

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.

read more

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.

read more

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.

read more

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.

read more

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.

read more

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.

read more