Blog
The AAT has held that the sale of land by a taxpayer was subject to GST because it was a supply made in the course or furtherance of an enterprise carried on by the taxpayer.
The Full Federal Court has recently provided some guidance as to who is entitled to dispute an estimate of a company’s PAYG, GST and SGC liabilities which are the subject of a Director Penalty Notice (DPN) in subsequent Director Penalty proceedings issued by the Commissioner against a director.
The Full Federal Court has recently provided some guidance as to who is entitled to dispute an estimate of a company’s PAYG, GST and SGC liabilities which are the subject of a Director Penalty Notice (DPN) in subsequent Director Penalty proceedings issued by the Commissioner against a director.
The ATO has issued a further Taxpayer Alert in relation to unlawful diversion of profits to SMSFs in property developments.
A lost trust deed - be it for a fixed trust, a discretionary trust or a SMSF or any of the links in the chain of deeds is no easy thing to cure – it is not simply a case of taking a copy of an old or new precedent and adopting it to cover the gaps.
Recent changes to the Corporations Act 2001 establishes a regime that prevents creditors from exercising certain termination rights.
In a recent decision at VCAT, a tenant was able to walk away from a retail premises lease because of the failure of the landlord to repair a faulty air-conditioning unit.
In a recent Queensland case Parkinson -v- Mackay Sugar [2018] QSC168 the Court looked at the meaning of the words “in consultation with”.
A testamentary trust works in tandem with
a will, and is similar to a discretionary trust,
with the major difference being it only takes
effect upon the death of the person who
made the will.
It is an unfortunate fact of commercial life that from time to time businesses become involved in disputes with each other, their customers, suppliers, financiers, tenants, landlords and...
A recent decision in the Victorian Civil and Administrative Tribunal (VCAT) may give purchasers some disquiet.
Businesses need to be mindful that a breach of the Australian Consumer Law (ACL) can occur by the making of misleading statements about the extent of or the availability of a consumer...
From 7th December 2018, the Insolvency Law Rules have been amended so that related parties are no longer to vote at a meeting of creditors for the replacement of a liquidator...
It seems that the weight of judicial authority is moving towards confirming what has been the position in Victoria for many years and that is, that the statutory priorities regime set out...
It has long been the case that using the financial resources of a company to enable a shareholder to acquire shares in that company is objectionable and the reason for it...
We all know what a will is and what it does. When a person dies leaving a valid Will, it becomes a set of instructions to the executors of the estate as to how the will maker wishes to dispose of his/her assets. However, what most people do not know, is what makes a will valid or invalid, what can and cannot be dealt with under a simple will, and what happens when circumstances change...
On 24th September 2020, the Federal Government announced a package of proposed reforms to insolvency laws and practices directed at assisting small businesses through what is expected to be a difficult period once the Jobkeeper support comes to an end whilst the economy is in still recovery.
“I give devise and bequeath…”, this is a commonly employed phrase by will-makers, also known as testators, when they wish to gift properties to beneficiaries. Despite the good intentions of the testators, gifts under a will do fail from time to time, and sometimes it is because the way the will had been drafted.
Departing this world before you prepare a will means you risk leaving loved ones in a legal mess that could take years to untangle. Whatever your age, we recommend you organise time to officially outline the distribution of your estate.
Many first-time home buyers are unfamiliar with the settlement process. We believe buying a home should be fun, and settlement a seamless part of any property acquisition. To finalise your purchase, Barrett Walker property lawyers facilitate a smooth settlement day.
If under pressure to meet creditor demands, it’s integral to understand the options on the table. With recent times creating unpredictable economic conditions, voluntary administration and/or liquidation may be required for your company.
Selling a business is a complicated issue. Barrett Walker’s legal, accounting, and consulting services offer clients across Melbourne and Australia the necessary expertise to give clients a detailed strategy for the best possible outcome.
A recent article in the Financial Times highlighted the extent to which Her Majesty’s Revenue and Customs (HMRC) is now trawling UK citizens data to fill the “tax gap” (the difference between the amount of tax that is theoretically to be paid to HMRC, and what is actually paid).
A Gold Coast property developer has found himself in hot water after fraudulently obtaining $147,000 in GST refunds, costing him a 3 year jail sentence and a terrible reputation.
The Treasury has released an exposure draft of legislation relating to Employee Share Schemes (ESS).
From 1st July 2021, SMSF will be able to have up to six members.
This may suit some funds in expanding its capital base by bringing more family members into the fund with their existing balances.
This may be particularly important where family members work in the same business and are seeking to acquire business own use property.
Before coming in for your tax appointment, certain information is needed to enable us to complete your tax return. Here are some tips...
The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 has now passed through Parliament without amendment.