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12
Nov

Changes to the FBT impacting Car Benefits

The ATO’s Practical Compliance Guideline in relation to exempt car benefits and exempt residual benefits provides more clarity over the exemption available for car benefits.  Under the FBT rules, the use of certain eligible vehicles by current employees during a FBT year is exempt where the use is limited to...

12
Nov

ESV Insights from the 2018 Annual Australian Property Funds Industry Forum

Recently, ESV Partners Chris Kirkwood, Geoff Tierney and Tim Valtwies attended Annual Australian Property Funds Industry Forum which was held by Core Property Research in Noosa. This forum is one of the longest running annual events in the Australian property industry, providing expert speakers and great insights into many of...

24
Oct

Proposed Division 7A Amendments

The long-awaited Division 7A amendments have been released as a consultation paper with submissions closing on 21 November 2018.  The proposals in the consultation paper do not exclusively follow the Board of Taxation review proposals and there still appears to be inconsistency around Unpaid Present Entitlements which appears to go...

10
Oct

Trading Names – New Requirements

Trading names will cease to be displayed on the Australian Business Register from 1 November 2018. ASIC registration will be required to keep these displayed thereafter.

10
Oct

Central Management and Control of Foreign Corporates

The Australian Taxation Office (“ATO”) recently issued final ruling TR 2018/5 setting out the Commissioners position on how to apply the central management and control tests when determining the tax residency of a foreign company.

10
Oct

To sell or what to sell? – That is the question

With the food business continuing to grow and high multiples being paid, especially by private equity, it is vital that these sale transactions are structured properly and project managed correctly by advisors from the start .