Taxing times

Article Abstract:

A common element to aggressive tax planning is the creation of a tax deduction without there being any real loss or expense. The decision of the court served as a warning to tax payers that they would be judged on the actions of their tax advisors and suffer penalties because of these actions.

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Taxing times

Article Abstract:

Various cases from the courts regarding whether tax payers who are husband and wife were entitled to receive deduction for compound interest on a split loan taken to purchase a new family home are discussed. Various tax benefits of superannuation are listed.

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Taxing times

Article Abstract:

Advice on three aspects of Australian tax law is presented. The issues covered in the article are defining a same business test, a review of the capital gains taxation system and the Income Tax Assessment Act 1936, Section 264.

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