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The ATO is cracking down on undeclared foreign income being disguised as gifts or loans
19 October 2021
The ATO has recently issued taxpayer alert TA 2021/2, which relates to arrangements where an Australian tax resident’s foreign income is disguised as gifts or loans from related offshore entities.
NALI, NALE and SMSFs – the ATO draws a new line in the sand with LCR 2021/2!
18 August 2021
There has been a lot of discussion about how non-arm’s length income (NALI) and non-arm’s length expenditure (NALE) apply to self-managed superannuation funds...
The grief of Greensill – distributing capital gains to non-resident beneficiaries
21 July 2021
The story of Greensill’s capital gains is not a happy one. But there are important lessons for advisers acting for trusts that distribute capital gains to non-resident beneficiaries.