Advanced Monthly Tax Update - August 2023

This month’s advanced monthly tax update covers:

• Quick updates, including:

  • Bill introduced on thin capitalisation rules

  • Treasury consultation on new individual residency framework

  • ATO data matching activity

  • NSW state tax amendments

• Case updates

  • BPFN - NALI in SMSF on borrowings

  • Artcam - Company controlling its shareholder entity in contravention to the Corporations Act

• Selected Private Binding Rulings

  • Section 100A - On distribution to foreign beneficiary

  • Cost of training deduction

  • Superannuation member benefit or death benefit

  • ESIC and bare trust arrangement

  • GST and Not-for-profits (NFP)

  • Employee vs independent contractor - For super guarantee purposes

• Specialist deep dives

  • Revenue vs Capital

    • TR 97/11 - Are you in business?

    • Share trading

    • Cryptocurrency trading

  • Property Conundrums

    • CGT Main residence exemption

    • CGT exemption for granny flats

    • Active asset and subdivided property

    • Subdivision of land and company title

Download resources below the video.

Date recorded: 17 August 2023