Advanced Monthly Tax Update - July 2023

This month’s advanced monthly tax update covers:

• ATO Activity, including:

  • PS LA 2007/3 - Objections out of time

  • TD 2023/4 - Use of an individual's fame

  • TD 2023/D2 - Aggregated turnover

  • PCG 2018/9DC1 - Central management and control

  • Small business energy incentive

• Case updates

  • BBlood Enterprises - Section 100A and Part IVA

  • DiStefano - Rental property deductions

  • Cavanagh - Eligibility for AAT's Small Business Taxation Division

  • Diamond Creek (Oliver Hume) - Landholder (stamp) duty risk on capital raising in Victoria

  • Sexyworld - Payroll entity and Cash Flow Boost eligibility

  • Bechtel Australia - FBT and travel deductibility

• Selected Private Binding Rulings

  • Home to work travel expense deductions

  • Theft and deductions – cryptocurrency

  • Division 7A and family court orders

  • Trust resettlement

  • Partial main residence exemption and small business concessions

• Specialist deep dives

  • Superannuation

    • NALI and NALE updates

    • Geelong Turf Co - Superannuation Guarantee Charge (SGC)

  • GST

    • Container Homes Designer Domain – GST remission on deposits

    • Chobani – GST status of combined food

    • Cryptocurrency

Download resources below the video. Subscribe to Brown Wright Stein’s tax notes for more detail.

Date recorded: 20 July 2023