Client Alert for October 2013

Wright Partners • October 1, 2013

Beware of artificial trust arrangements to avoid tax


Extra 15% super contributions tax for high income earners


TIP: Taxpayers who exceed the $300,000 high income threshold should consider reviewing their superannuation contributions and salary sacrificing arrangements to take into account any impact of the additional 15% tax.


Individual found to be an Australian tax resident


A share investor, not a share trader


TIP: If a taxpayer is a share trader, losses may be deductible against other income. If the taxpayer is not a share trader, indexation or the capital gains tax (CGT) 50% discount may apply to reduce the capital gain.


GST bill following hotel apartment purchases


No relief from excess super contributions tax bill


Departure from private ruling results in FBT assessments


Tax man's refusal of tax debt compromise deal


GST and adjustment notes



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