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November 2019

Car Parking Fringe Benefits

Posted By Cameron Allen,
New ATO guidance on car parking fringe benefits to impact many suburban employers On 13 November 2019, the Australian Taxation Office (ATO) released Draft Taxation Ruling TR 2019/D5 setting out its vi...

Limiting of tax deductions for vacant land

Posted By Cameron Allen,
New tax rules operate from 1 July 2019 to prevent certain taxpayers from claiming tax deductions in relation to vacant land, where the law is not in used, or held available for use, in carrying on a...

Glencore wins Transfer Pricing Case in Federal Court

Posted By Cameron Allen,
The Federal Court recently issued a decision on whether dealings between Swiss-based Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and...

Tax dangers on vacant property

Posted By A&A Tax Team ,
One of the ways the Federal and State governments have responded to the housing affordability and homelessness crisis is to impose additional fees and taxes on owners who leave their property vacant....