Normally, Australian residents will pay Australian tax on their worldwide income but non-residents will only pay Australian tax on income with an Australian source. An exception to the general rule …
Deciding on a principal place of residence
In a recent case, a parcel of land was found to be exempt from land tax where the land owner was living in a garage he had built on the …
Sub-divided farm land not exempt from GST
If you’ve owned farm land since before the introduction of capital gains tax, you might expect that the significant capital gain you stand to make in selling part of your …
When a House is not a Home
If property developers bought a suburban commercial office for a GST-inclusive price of $1 million, intending to demolish the building and use the land for a residential unit development, they …
What is Taxable Supply?
GST is only levied on “taxable supplies”. The difficulty in determining what is a taxable supply is illustrated by a recent Qantas case. The case involved $26.5m in forfeited air …
