Risky trust distributions: The ATO’s position

The ATO has released its final position on how it will apply some integrity rules dealing with risky trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. – Risky trust distributions: The ATO’s final position.

How good is ChatGPT at tax?

This article talks about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. – How good is ChatG at tax?

Taxing fame: The ATO’s U-turn

Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. – Taxing fame: The ATO’s U-turn.

States move on property based taxes

The Queensland Government has backed away from an amendment that would have seen the land tax rate for investment property in Queensland assessed on the value of the investor’s Australia wide land holdings from 1 July 2023, not just the value of their Queensland property. – States move on property based taxes.

Avoiding the FBT Christmas Grinch!

It’s that time of year again – what to do for the Christmas party for the team, customers and gifts of appreciation. Here are our top tips for a generous and tax effective Christmas season. – Avoiding the FBT Christmas Grinch!