Foreign Land Tax – ACT
As at 1 July 2018, a foreign ownership surcharge is imposed under the Land Tax Act 2004 on residential property owned by a foreign person including a foreign individual, corporation or trustee of a foreign trust. In the Australian Capital Territory if you’re not an Australian citizen or resident of Australia, you are considered […]
Foreign Land Tax – South Australia
South Australia has not implemented a foreign resident land tax surcharge at this time. However a purchaser of an off the plan residential property is not exempted from land tax if they are a foreign resident. Generally the land tax structure in South Australia is as follows: Rates Total Taxable Site Value Amount of Tax […]
Foreign Land Tax – NSW
We are looking at the imposition of foreign land taxes across the Australian jurisdictions. Foreign ownership in New South Wales occurs when a foreign entity purchases residential land. When dealing with land tax in New South Wales if there is a foreign party that owns the assets, specific rules need to be followed. In New […]
Outsider in your business
You’ve been in business for years and people identify it with you, but are you an outsider in your business. We assisted a friend who had been stepping away from his business for a number of years, focusing on other businesses and putting a large amount of control in his operations manager. Being an outsider […]
Case study: Cost of acquiring a client
The business was an online jewellery retailer, with a strong business brand and a high margin business but it was struggling to make money. As we pulled through the financial statements, it became clear that the cost of acquisition for a customer (marketing, promotion, referral commissions, brand ambassador and marketing production) was substantially greater than […]
A moral obligation to pay
A recent discussion with a broker he articulated that our client had a moral obligation to repay a debt. We questioned this in the context of who our client owed a duty to, and what was the morality that is expected with a loan. Our client had borrowed money at over 12%, and we were […]
What is a garnishee notice?
Garnishee notices can be issued by a variety of creditors however they are quite regularly used by the ATO as a method of collecting outstanding tax debts. The ATO issues the notices pursuant to Section 206-5 of the Taxation Administration Act 1953 and the notice allows the ATO to collect its outstanding tax debts by […]
Succession planning for family businesses
For many business owners, the objective is to pass a profitable and successful business through to the next generation, but this is not something that simply happens and the planning you undertake for a business sale should be similar to transferring a business within the family group. If you are a business owner, you may […]
C&D Taxation Consulting
Specialising in transaction and complex tax advice, the team has over 20 years experience in taxation consulting. Our whitelabelled service is ideal for smaller accounting practices that are looking for a solution rather than outsourcing or out referring client matters. We can tailor a solution to any client matter with spread across Federal and State […]
Finding the next big thing
A confession from the past, my mother went on holidays in 1996 and I was assisting her in the shop, in came a salesman with the newest stock, I was convinced that it would be the best seller ever and ordered 100 of these rings. Today she still has 99 in stock and keeps them […]
