Three letter word missing in the ANZ penalty case

Yesterday we published a summary of the High Court’s decision in the ANZ penalty case. In our summary, we drew attention to Justice Nettle’s analysis of the experts’ mathematical calculation of the conceivable heads of loss suffered by ANZ on credit card accounts not paid on time; that analysis is to be commended as it reflects the forensic … More Three letter word missing in the ANZ penalty case

Tax insights | investing in property (part 3)

In part 3 of our Tax insights | investing in property series, we discuss the CGT main residence exemption to situations involving multiple main residences. Multiple properties – which do you choose as your main residence?   For some owner-investors, a simple but effective property strategy can involve owning and occupying a dwelling and “trading up” from … More Tax insights | investing in property (part 3)

Insights | Bitcoins and Blockchain (part 1)

Digital crypto-currencies and blockchain self-executing contracts and instruments are this week’s buzz words.  So how does the law, tax and GST fit into the equation? In Part 1 of our Insights | Bitcoins and Blockchain series, we provide a brief introduction to the Bitcoin and Blockchain technology.  In future installments, we will discuss the application of law, Australian income … More Insights | Bitcoins and Blockchain (part 1)

Tax insights | investing in property (part 2)

In the second part of our Tax insights | investing in property series, we extend our discussion of the capital gains tax (CGT) “main residence” exemption (sometimes also referred to as the “principal place of residence exemption”) in the context of Australian expats and investing in vacant land.  We also consider the special “6 year rule” which extends the availability … More Tax insights | investing in property (part 2)

Insights | Negative gearing and investing in property

The purpose of this blog article is to discuss the concept of “negative gearing” and its practical implications for investors in property. We also include 5 helpful tips for our readers at the bottom of the article. What is negative gearing? Often the focus in media and politics is on one aspect of negative gearing – … More Insights | Negative gearing and investing in property

Tax insights | 2016/17 Federal Budget Papers

This blog is intended as a humorous supplement to the plethora of other publications freely available from the Big 4 Accounting Firms and other mid-tier firms. We will preface this blog post with an obligatory remark that Budgetary tax announcements are exactly that – mere announcements; they do not have force of law unless and … More Tax insights | 2016/17 Federal Budget Papers

Beware of recent telemarketing schemes

In the past month, I have experienced two unsolicited telemarketing calls which are now giving me concerns that this is a new trend in fraudulent and/or unregulated schemes. The calls have had similar themes: they target people with properties, home businesses and retirees they assert they are funded by the Australian Government they assert that the … More Beware of recent telemarketing schemes