Trusts – tax consequences of trust splitting
24 Aug 2017
Trust splitting is a common term for an arrangement where separate trustees are appointed over different assets of an existing discretionary trust. Each trustee is typically controlled by a different party. The intention of trust splitting is to produce a structure where each trustee is able to deal with the assets it holds independently of […]
Read More
HELP and TSL overseas obligations
18 Aug 2017
The Australian Government has introduced changes relating to Higher Education Loan Program (HELP) and Trade Support Loan (TSL) obligations. Under these changes, your first repayment against your HELP – formerly known as Higher Education Contribution Scheme (HECS), and your TSL will commence from 1 July 2017. It will be based on your worldwide income for the 2016–17 […]
Read More
Amending a trust deed
09 Aug 2017
There are a number of reasons why you may need to review and amend a trust deed, such as legislative changes. Before you can amend a trust deed check if there is a power of amendment within the deed. If there is a power of amendment, you then need to determine: Who can exercise that […]
Read More
Fuel tax credits: get the latest rates
04 Aug 2017
Fuel tax credit rates increased on 1 August 2017. Some of these rates also changed on 1 July 2017, due to a change in the road user charge and an annual increase to excise duty rates on biofuels. Rates change regularly. Use the fuel tax credit calculator on the ATO website each time you claim […]
Read More
