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A message from the Chair

Tax Transparency Code now available

Implementation of anti-hybrid rules now available

Sounding Board

Ideas for better tax regulation

  • ATO ruling on CGT on earnouts

    Update and finalise TR 2007/D10, Income tax: capital gains: capital gains tax consequences of earnout arrangements now that the earnout legislation is passed. There are some types of earnouts that the legislation does not cover. The ruling should cover these.

  • Guidance on Forgiveness of Div7A Loans Owed by Deceased Estates

    Suggest the ATO provide further guidance on its current position regarding forgiveness of Div 7A loans owed by deceased estates and the consequences of not meeting minimum repayments, especially where the deceased is a former shareholder and the estate does not have shares in the company

  • Align Fringe Benefit Tax Year with Income Tax Year

    For small businesses, calculating expenses that confer fringe benefits using a period that overlaps accounting periods adds an additional compliance burden. By aligning the two periods, a business can use their year-end figures to calculate their expenses for FBT

Meetings & events

  • 8 Apr 2016 - Board of Taxation Meeting in Brisbane
  • 11 Mar 2016 - Board of Taxation Meeting in Sydney
  • 4 Mar 2016 - Board of Tax Chair, Michael Andrew AO, speech at the Institute of Public Accountants (IPA) Victoria Congress in Torquay