Essentials Monthly Tax Update - April 2024

Stay informed with essential tax updates - legislation, significant cases, ATO docs & more. Perfect for juniors or if you are looking for a refresher!

This month, we cover:

• Quick updates, including ATO activity

• GST refresher

  • Commissioner v Hannover Life - GST input tax credit entitlement on overheads

  • Konebada v Commissioner - GST input tax credit entitlement on expenses for related entities

  • ATO warning on false invoicing

• Edited private rulings

  • Deduction for dog expenses

  • Small business restructure roll-over (SBRR)

  • CGT on property sold under a Family Court order

  • Who owns a building?

• Case updates

  • Beta Leigh v Commissioner - disputing a default assessment

  • EFEX Group v Bennett - Employee vs Contractor

  • Delbake v Commissioner - SGC penalty remission

  • Minerva and Grant cases - Part IVA

Date recorded: 23 April 2024