Tax News
This page contains information about important tax news and announcements. For further information on these or to enquire about our CTD please contact us.
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Federal Budget Amendments - Business Tax Break Deduction Legislation
Following on from the Federal Budget released on 12th May 2009 is the announcement of a 50% Expanded Tax Break Deduction is to be introduced for Small Business Entities (SBE's)
For more information on the 2009/10 Federal Budget legislation amendments introduced on the 13th May 2009 please read the following summary.
2009/10 Federal Budget - Business Tax Break Legislation Summary
2009/10 Federal Budget
The 2009/10 year Federal Budget was released at 7:30pm on Tuesday 12th May 2009.
For more information on the 2009/10 Federal Budget please read the following summary.
2009/10 Federal Budget - Budget Tax Summary
Important Small Business CGT Amendments
The Tax Laws Amendment Bill (2009 Measures No. 2) 2009 introduces a number of Small Business CGT Concession amendments.
If you are a Kaplan ProfessionalCTD client and would like a copy of our summary of the changes please contact us.
Landmark company loss decision on Same Business Test in Lilyvale Hotel Pty Ltd v Commissioner of Taxation
Uploaded: 18th February 2009
The Full Federal Court has allowed a company loss deduction of over $10.5 million under the Same Business Test, distinguishing earlier authorities including the Avondale Motors case.
For more information readour summary of the decision.
Lilyvale Hotel Pty Ltd vs. Commissioner of Taxation - Decision Summary