Advanced Monthly Tax Update - September 2023

This month’s advanced monthly tax update covers:

• Quick updates, including:

  • ATO website updates

  • Payroll tax for medical centres

  • Victoria - Objections out of time TAA-004v5

  • Luxury car tax determination LCTD 2023/1

• Case updates

  • Makrylos - Starting to hold land as trading stock

  • Tawfik - Deriving income from bonus payments

  • Williams - Validity of a binding death benefit nomination (BDBN) only served on one trustee

• Selected Private Binding Rulings

  • Capital loss for payment made under a guarantee

  • Sale of real property and GST-free supply of going concern

  • Trust distribution - application of Section 99B

  • Division 7A debt forgiveness

• Specialist deep dives

  • Wealth extraction case study

Date recorded: 28 September 2023