Navigating the Tax Landscape: A Guide to Understanding Papua New Guinea’s Tax System for Australians PNG tax system – an Australian perspective This guide aims to provide Australians with an in-depth understanding of the tax system in Papua New Guinea...
An Australian trust exists under state law. So your trust may be under the laws of a state. E.g. New South Wales, Victoria, Northern Territory or any other state or territory. This is called the trust’s ‘jurisdiction’. Can you change the...
CGT Event E4: Tax Timing Adjustments and the Risk of Double Taxation Professor Brett Davies from Legal Consolidated emphasises the importance for practitioners to stay informed about CGT event E4. This is particularly true when dealing with unit trusts. This event may...
A UPE is not a ‘Loan’ for Div 7A Purposes: Bendel and FCT [2023] AATA 3074 Bendel and FCT – the ATO loses with egg on its face Bendel and FCT [2023] AATA 3074 sheds light on the treatment of Unpaid Present Entitlements (UPEs) under Division 7A of the...
Amending a Testamentary Trust after the Will Maker Dies In Australia, the legality of altering a testamentary trust after the Will Maker’s death can be intricate. It’s essential for both Will Makers and potential beneficiaries to comprehend the...