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ATO targets ‘lifestyle’ assets

ATO targets ‘lifestyle’ assets

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The ATO targets ‘lifestyle’ assets, so keep reading if you or someone you know may be on their radar! The review,...
Small business tax changes in 2020

Small business tax changes in 2020

There are a lot of changes in the wind that small businesses need to know about in 2020 to stay on the right side of the tax man. Small changes around taxation, reporting and invoicing can have a big impact on the way you run your business, so it’s crucial you get the...
Tax alert: Distributions to non-resident beneficiaries

Tax alert: Distributions to non-resident beneficiaries

The ATO’s recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some. Read on for the ATO’s tax alert: distributions to...