A surcharge will apply from the 2017 Land Tax Year in respect of the taxable value of all residential land owned by a foreign person at midnight on 31 December 2016 in any year. A foreign person …
Taxation
New OSR Purchaser’s Declaration 18 July 2016
From 18 July 2016, all buyers acquiring land in NSW must complete a purchaser declaration when acquiring any land in NSW. The purchaser declaration must be lodged with any document assessed for duty …
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Distribution of the Income of a Trust
Distribution of income of a trust raises issues for all tax lawyers and accountants alike. What is most important is to first assess the type of income, receipts, credits, discounts and notional …