Comprehensive Monthly Tax Update - August 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

• Updates for tax professionals

  • Further info about new reporting obligations​

• Case updates

  • Grenfell and other jockey club cases – Super guarantee charge​

  • Coronica – Disqualification of SMSF trustee​

  • Power – Transfer to super reversed due to bankruptcy​

• Private Rulings

  • PBR - Main residence in a factory?​

  • PBR - Electric vehicles and FBT​

  • PBR - Division 7A interposed entity rules​

• Specialist Deep Dive – Property co-ownership​

  • Ayshan – failed partition​

• Specialist Deep Dive – 99B​

  • Exclusions, exceptions and the “sting”​

  • When might section 99B apply?​

  • New ATO guidance – TD 2024/D2 and PCG 2024/D1​

Date recorded: 19 August 2024