Taxing times

Article Abstract:

A solicitor specialising in revenue and corporate law, discusses various issues involving tax problems, including those of Australia's former Minister of Tourism, John Brown. Brown was given a $A1 million Surfer's Paradise property by a land developer who Brown helped set up a large business deal, but the former Minister did not declare the property as assessable income on his tax return.

Behavior, Brown, John (Scottish domestic)

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Taxing times

Article Abstract:

The tax office's latest legal battles are described. The debate is on whether a trust established to assist indigenous persons to make a career at the New South Wales Bar could be a 'deductible gift recipient' or not.

Australia, Legal issues & crime, Government regulation (cont), Government regulation, Taxes, Legal/Government Regulation, Massachusetts trusts, Business trusts

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Taxing times

Article Abstract:

Australian tax regulations on transferring company losses are explained. Guidance for accountants on the rules governing the taxation of charities is presented.

Column, Charities, Tax exemption, Tax exemptions, Charitable societies, Business losses, Planned giving

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