December Newsletter

Our latest eNewsletter includes information on the following topics:

Budget superannuation changes on the way: The Federal Government has been consulting on draft legislation to give effect to most of its 2016–2017 budget superannuation proposals.

Primary producer income tax averaging: Primary producers will be able to access income tax averaging 10 income years after choosing to opt out.

R&D tax incentive rates change: The Federal Government has reduced the R&D tax incentive rates for the first $100 million of eligible expenditure by 1.5 percentage points.

SMSF related-party borrowing arrangements: The ATO has issued a tax determination concerning non-arm’s length income and limited recourse borrowing arrangements.

Travel expense and transport of bulky tools claim denied: An individual has been unsuccessful before the AAT in a matter concerning certain deduction claims for work-related travel expenses.

Bonsella News: Updates from the Bonsella Team.