News Articles

August 2017

2
Aug

Shorten's Tax on Trust

Bill Shorten has announced that he intends to impose a ‘minimum tax rate’ of 30 per cent on distributions made from discretionary trusts to adult beneficiaries as an effort to ‘crackdown’ on income splitting and tax minimisation by high wealth individuals if Labor get elected.

24
Aug

Rental residential Property Depreciation Changes

The Government has finally released the draft legislation to change entitlements for depreciation in respect of residential rental properties.

24
Aug

Impact of the change in the Company Tax Rate

The retrospective change in the small company tax rate is starting to register for companies across the country.  The tax rate change came at a significantly late point in the 2016/17 tax year and as such may have caught some taxpayers by surprise.

24
Aug

Lessons learned from the world of rugby

On Wednesday 16 August ESV hosted clients and guests from the property and funds management industry at a boardroom lunch to celebrate Bledisloe Cup and ESV’s Community Partnership with Randwick Rugby.  Guests had  the pleasure of listening to rugby legends Bob Dwyer and Owen Finegan speak of the highlights of...

24
Aug

Main Residence Capital Gains Tax (CGT) Exemption Changes

Treasury has finally released the draft legislation detailing the changes proposed in the 2017-18 Federal Budget surrounding the CGT main residence exemption.

24
Aug

Events based reporting and new requirements for SMSFs

Further to the Government’s tinkering in respect of the taxation of superannuation last year, additional requirements have been put into place for superannuation funds, including SMSF’s who will now have to report certain income stream events to the ATO.