August/September 2015 Newsletter

Our latest eNewsletter includes information on the following topics:

Work-related and rental property claims on ATO’s watch list: The ATO has highlighted areas of concern for individuals ahead of tax return lodgment time.

Share-economy service providers need to assess tax implications: The ATO has warned individuals providing share-economy services that they may have tax obligations.

Franked distributions funded by capital-raising under scrutiny: The ATO has cautioned companies about raising capital to fund franked distributions.

“Contrived” dividend arrangements used by SMSFs flagged by ATO: The ATO is investigating contrived dividend arrangements used by SMSFs.

Lump sum finalisation payment taxable: An individual has been unsuccessful before the AAT in a matter concerning the tax treatment of a lump sum finalisation payment.

“Nomad” had continuity of association with Australia: An individual has been unsuccessful before the Administrative Appeals Tribunal (AAT) in arguing that he had “let go” of Australia to pursue his “nomadic” working life abroad.

Bonsella News: Updates from the Bonsella Team.