News Articles

February 2018

12
Feb

Receiving a Distribution from a Foreign Trust

Late last year the ATO finalised its position concluding that capital gains made by a foreign trustee in respect of non-taxable Australian property (“TAP”) which is distributed to Australian beneficiaries will be taxed in the hands of the beneficiary.

12
Feb

Tax Treatment of Bitcoin

With the ever-growing popularity and notoriety of bitcoin we have noted below some broad guidance on investing into and using crypto currencies. Clearly part of the attraction of bitcoin as an investment has been the sharp increase in value, however, that carries with it the obvious investment risks as well...