Monthly Archives: October 2019

What Does “Retirement” Mean For Super Access Purposes?

Did you know that if you’re aged between 60 and 64, you can access your super if you change jobs – without retiring permanently? The rules about when you can access your super on “retirement” grounds vary depending on your age. Here, we break down the requirements by age group and clarify what you must […]

ATO Watching For Foreign Income This Tax Time

The Australian Taxation Office (ATO) is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure theyreport it this tax time. New international data sharing agreements allow the ATO totrack money across borders and identify individuals not meeting their obligations. “This year, the ATO has received records relating […]

Using Prior Tax Losses After a Change in Control: ATO Guidance

Has your company made a tax loss in recent years? If new investors or a major share sale is on the cards, the company may benefit from flexible new rules allowing access to prior losses – the key requirement being that the business carried on, post-equity restructure, is “similar”. Here we look at some practical […]

New GST Withholding Rules on Residential Properties

If you’re a property developer then you should know about the changes to GST withholding rules for residential property.  With effect from 1 July 2018, relevant purchasers will be required to withhold GST from the amount paid on certain purchases of real property and remit the GST directly to the Australian Taxation Office (ATO) as […]

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