Treasury's turnaround on loans

Article Abstract:

After the high court trounced the Australian taxation office move to disallow tax deductions on capital protected loans, clearing the path for more protected geared equity products, Treasury has stepped in to legislation change. It is noted that Treasury has decided to rain on the parade of capital protected equity products.

Tax Deductions & Exemptions, Tax deductions, Equity (Finance)

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Tax relief for expats

Article Abstract:

The latest tax reforms in Australia relating to expatriate's earnings are likely to benefit Australians working abroad as well as foreigners working in Australia. The salient provisions of these tax reforms are discussed.

Tax Law, Interpretation and construction, Alien labor, Expatriation, Alien labour, Foreign labor

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Substantiate your claims

Article Abstract:

The recent amendments to Income Tax rules regarding proof of work-related expenses by Australian Taxation Office are discussed.

Expense deductions, Australia. Australian Taxation Office

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