Taxpayers sacrificed at the accountant’s altar

The Government has released its new framework for taxing private company loans which will create significant cash flow and tax costs for private business in a once in ten year bonanza for accountants. The new rules deal with “Division 7A”, which currently deems private company loans to individuals and trusts to be unfranked dividends unless […]

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Government quashes MIT concessions for foreign investors in major Easter-eve crackdown

The cost of capital for new investment in Australian infrastructure and much of the property sector will increase following changes announced yesterday to the taxation of Managed Investment Trusts (MITs) that are “stapled”, i.e. the MITs lease property assets to brother/sister operating companies. The key changes will increase the MIT withholding rate to 30% on […]

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