Client Alert for April 2013

Wright Partners • April 14, 2013

No more CGT discount for non-residents


Tax certainty for beneficiaries of superannuation death benefits


Disposal date critical for CGT small business concessions


Car expenses – Rates per kilometre for 2012–2013


LAFHA reasonable amounts for food and drink 2013


TIP: The new rules will require careful consideration when planning for and preparing the 2013 FBT return – this may include identifying whether the transitional rules apply, obtaining evidence if substantiation is required, and checking contracts to see if food and drink is clearly identified. Where food and drink is greater than the ATO reasonable amounts, future restructuring should be contemplated. Please contact our office for further information.


Tax anti-avoidance law to be amended



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