Comprehensive Monthly Tax Update - June 2024

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

In this session, we cover:

• Quick updates

  • Budget yawn

  • What’s new

• Updates for tax professionals

• Case updates

  • Moloney - valuations

  • WCVB - attributed sale proceeds

  • Godolphin - dominant use of land

• Private rulings

  • Main residence and active asset for mixed use

  • Depreciating assets

  • Trust residency

  • Small Business CGT ‘significant individual’

  • Requirement to register for GST

• Specialist Deep Dive - Extracting capital

  • Merchant - Part IVA and dividend stripping (Federal Court case)

  • Merchant - SMSF trustee disqualification (AAT case)

  • Ierna - Part IVA and section 45B

Date recorded: 17 June 2024