tax Articles
Asset Protection for Directors Now Even More Important
November 26th, 2012 by | Commercial Transactions
Personal liability of directors for unpaid superannuation and PAYG taxes has been extended by virtue of recent amendments to the Income Tax Assessment Act 1997. The law now extends a director’s liability to unpaid employee superannuation and may not protect a director who puts a company into administration. The Australian Taxation Office now has the… Read more »
Land Tax Anti Avoidance
October 17th, 2009 by | Conveyancing, Property & Leases
Land tax is only payable in relation to investment or commercial properties and is calculated on a “sliding scale” on the basis of the total taxable site value of all land owned (by an owner or a group of owners) which exceeds the tax-free threshold ($353,000 in 2017/18 financial year). As a result of the 2007… Read more »
