Perks Chartered Accountants
Chartered Accountant Alert
 

Welcome to the November edition of Perks' Tax Alert - delivering to you the latest tax developments affecting you and your business.


Tax Office Scans Car and Real Property Purchases
The Tax Office will collect records relating to motor vehicle purchases and real property transfers from relevant government authorities.



Compromised TFNs Still a Problem, Says Ombudsman
The Commonwealth Ombudsman has expressed concerns about how the Tax Office had handled complaints about compromised tax file numbers (TFNs).



Bonus Units from Employee Benefits Trusts: Tax Office Outlines Tax Issues
The Tax Office has issued a ruling dealing with employee benefits trusts and bonus units.



Tax Office Highlights Errors in Claiming Deductions for Super
The Tax Office has highlighted common errors made by individuals when claiming tax deductions for their personal superannuation contributions.



Unit Trust Arrangement Ineffective to Avoid Tax Bill on Shares
The Administrative Appeals Tribunal has made a decision regarding a unit trust arrangement and capital gains tax on shares.



HELP Debt Deferred as Special Circumstances Existed
A taxpayer has been successful before the Administrative Appeals Tribunal in seeking a deferment in repaying his accumulated HELP and financial supplement debts.



Excess Superannuation Contributions: Superannuation Law Changes on the Way
A Bill is currently before Parliament which proposes amendments relating to the Commissioner's discretion and excess contributions tax.



GST and Dodgy Property Arrangements: Tax Office Spells Out Views
The Tax Office has issued a ruling which deals with the GST general anti-avoidance rules and dodgy property arrangements.



For further tax advice and to find out if and how these tax developments may specifically affect you, contact your Perks relationship manager.

This Tax Alert was compiled by Perks' Tax Consulting Specialists. For more information on these articles, contact Brian Nimmo or Neil Oakes. 

Contact Perks

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Eastwood SA 5063
T: (08) 8273 9300
F: (08) 8274 1466
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Darwin NT 0800
T: (08) 8941 8600
F: (08) 8941 9600

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Alice Springs NT 0870
T: (08) 8953 4400
F: (08) 8953 4599

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