Contents What is a Bucket Company? How Does a Bucket Company Work? Tax Efficiency Through Trust Profits Base Rate Entity How to Set Up a Bucket Company? Determining Share Ownership for the...
Tax Articles
Base Rate Entity
Contents What is a Base Rate Entity? Base Rate Entity Passive Income What is a Base Rate Entity? Base rate entities are subject to a reduced tax rate of 25%. This rate represents a 5% reduction...
Debt and Equity Rules
Contents What is debt funding and equity funding? The taxation of debt arrangements versus equity arrangements The rules for classifying arrangements as debt or equity for taxation purposes...
Company Residency
Contents Context The definition of a company tax resident Central management and control Complications presented by the central management and control test Voting power controlled by resident...
Trust Law and Trust Tax
Contents What is the Income of the Trust Estate? What is the Net Income of the Trust? The Interaction of Income of the Trust Estate and Net Income to Determine Tax Outcomes Issues with the...
Everett Assignment
Contents What is an assignment? What is an Everett assignment? What is the tax advantage of an Everett assignment? What about assignments dissimilar to Everett type assignments? Allowable...
Business Commencement and Closure Deductions
Contents Introduction Pre Commencement Expenditure Closure Related Expenditure Specific Deductions Blackhole Expenditure Small Business Entity Immediate Deduction Introduction The most common way a...
Taxable Australian Property
A foreign resident of Australia for tax purposes is generally only subject to Australian tax on Australian sourced income. However, when it comes to capital gains tax, a foreign (tax) resident will...
TOFA
Contents What is TOFA? Entities required to comply with TOFA rules Opting for the TOFA (division 230) framework What are financial arrangements? Determining profits and losses from financial...