Category: Q&As

If you’re thinking about moving property or investments into a trust, or out of a trust, it’s worth slowing down for five minutes. These transfers can look “simple on paper”, but the ATO often treats them as CGT events with market value rules, and the tax bill can land at the worst time — especiallyRead More »

Most people would think that money provided by the Government to support people and business during a crisis would be tax free? Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it?

Apportioning goodwill and equipment in sale contract

Deductibility of a 482 visa

We have a client whom has paid a deposit for a commercial property in the December period totaling $30,500.00. We do not currently have a tax invoice for the payments (however we can try request one) and the property will settle in approximately three months. Are we entitled to claim the GST credits on the deposit paid?

Client has been invoiced legal fees for the advice and assistance regarding a Visa for non-resident employees. Are these legal fees tax deductible?