Posts

Div 7a Payments

51 | Div 7A Payments

Div 7A payments can turn into an expensive exercise. Including transfer or provision of company assets. Peter Adams of Augmentor will tell you what this is all about. 

Div 7A loans

50 | Div 7A Loans

You could summarise the basic concept of Div 7A loans in one sentence. But there is a lot more to it.  As Peter Adams of Augmentors will tell you.

personal insurance inside or outside of super

40 | Personal Insurance Inside or Outside of Super

Personal insurance inside or outside of Super? Mistakes can cost dearly. Daniel Mikhail of Partners Wealth Group will guide you through the intricate details.

The Great Debate

33 | The Great Debate

If you could change one thing about the Australian tax system, what would it be and how? Robert Deutsch of The Tax institute asked that question. 

estate planning

28 | Estate Planning

Estate planning is complex because it has so many moving parts: trust law, super law, tax law, family law. Ben Symons will walk you through the jungle.

family law

18 | Family Law

When working on the tax implications of a relationship breakdown, it helps to understand the legal side. Here is Angelina Torrisi giving you a helpful overview.

offshore SMSF work

2 | Why Not To Offshore SMSF Work

Do you offshore SMSF work or not? Chloe Ward of Intello will tell you how they turned staying in Australia into an advantage.

Articles

45 | Pattern of Distributions Test

The pattern of distributions test only applies to non-fixed trusts without a family trust election.
Income Injection Test

44 | Income Injection Test

The income injection test is the grande dame among the trust loss provisions in Schedule 2F ITAA36. It applies to all fixed trusts and non-fixed trusts including family trusts.
unit trusts fixed

43 | Are Unit Trusts Fixed Trusts

A unit trust is a very common feature in Australia. Most widely held trusts are unit trusts. But when are unit trusts fixed trusts and when not?
Trust Losses

42 | Trust Losses

Trust losses are not subject to the Division 35 non-commercial loss rules.  Instead the trust loss provisions in Schedule 2F ITAA36 apply.
reimbursement agreement

41 | Reimbursement Agreement

A reimbursement agreement is an arrangement, where the trustee channels trust distributions via beneficiaries to a third party. 
Revocable trust

40 | Revocable Trust

A revocable trust is a pretend game.  So the Commissioner can put an end to the charade and tax the trustee instead.
CGT Event E4

39 | CGT Event E4

A CGT Event E4 can happen quicker than you think. But only in a fixed trust and only for certain payments.
How to stream trust income

37 | Example 2 – How to Stream Trust Income

How to stream trust income - Example number 2. Examples help to understand the concept. So here is another example.
how to stream trust income

36 | Example 1 – How to Stream Trust Income

How to stream trust income sounds confusing enough in theory but gets even more confusing when you drown in numbers. But here is a simple example.
streaming of trust income

35 | Streaming Trust Income

Streaming of trust income is a good way to tax-effectively channel income to the right beneficiaries.
Who Pays the Income Tax for a Trust

34 | Who Pays the Income Tax for a Trust

Beneficiaries and/or trustee pay the income tax for a trust. But who pays how much?
Taxation of Minors Div 6AA

32 | Taxation of Minors Div 6AA

The taxation of minors in Division 6AA is an anti-avoidance provision. Anybody channeling certain income to minors is hit with punitive tax rates.
Division 6 ITAA36

31 | Division 6 ITAA36

Division 6 ITAA36 is the foundation for the taxation of trusts. Everything else wraps around Division 6.
Trust

30 | What is a Trust

There are more than 800,000 trusts in Australia with assets totalling more than $3 trillion. But what is trust?
Minimum Pension Payments

9 | Minimum Pension Payments

When you start a pension, you need to make minimum pension payments. Otherwise your fund loses its tax exempt status.