TAX NEWS | VIEWS | CLUESWelcome to the Spry Roughey Report for June 2010 There have been a number of important taxation developments which we thought may be of interest and benefit to you. Below are extracts from the report for your convenience with a link to the full explanatory memorandum should you want more detailed information. Also as some clients are eager to get their tax returns in, we have included checklists to help you compile the necessary information to assist us in the speedy preparation of your 2009/10 income tax return! Just click on the links below for a downloadable version in PDF format. As usual, please do not hesitate to call us on (02) 9891 6100 if you wish to discuss how any of the points raised in the report specifically affect you or click here to send us an email. Kind Regards, Martin
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A Federal Court decision relating to deemed dividends and directions by a company for its debtor to pay amounts to a shareholder.
A Queensland Court of Appeal decision relating to a trustee and its liability to pay tax.
An Administrative Appeals Tribunal decision relating to disputed deduction for personal superannuation contributions.
An SMSF Ruling on how a person who holds an enduring power of attorney can be a trustee in place of an SMSF member.
An SMSF Determination on how SMSF trustees can purchase a trauma insurance policy and still satisfy the sole purpose test.
The Super System Review panel has released a report containing many recommendations in relation to SMSFs.
The Government has released the cents per kilometre rates for calculating motor vehicle expenses for the 2009/10 income year.
Click here to download a copy of the checklist for individual tax payers. |
