Comprehensive Monthly Tax Update - March 2024

Catch up with our comprehensive monthly tax update with ATO activity, cases, edited binding rulings, specialist deep dives & more.

This month, we cover:

• Quick updates

  • Legislation

  • Tax rulings

• Case updates

  • Quy v Commissioner - Individual residency

  • AusNet - Interposing a head company using Division 615 rollover

  • Chloe Adolphi Family Trust - Deed of rectification for a foreign person exclusion clause

  • Perrin - Director Penalty Notice (DPN)

• Edited private rulings

  • ‘Control’ for aggregated turnover

  • Car limit - GST, FBT & Depreciation

  • Apportionment of sale price - Market value substitution for CGT

  • Franking credits and a ‘qualified person’

• Specialist deep dives

  • Beneficial ownership - CGT and state duty

  • Tax professionals - Changes to TASA and TPB

Date recorded: 18 March 2024