Australias Tax News Podcast For Tax Professionals

Let's go to the very start and look at trust income. Because we need to understand trust income before we can talk about trust losses.

The theory around foreign trusts is confusing. So in this episode let's use a New Zealand trust as a foreign trust example.

Foreign trusts are not an issue per se. Nor are resident trusts. It really depends. But if you do have a foreign trust, watch out for s99B ITAA 1936. That is a really dangerous one.

An asset protection trust (aka equity split) does not give you 100% protection but it helps. Each layer you use increases your protection from creditors.

Asset protection layers can get pierced through. None is watertight. But the more layers you have, the more protected you are.

Asset protection silos are to ringfence the assets of one business from the creditors of another.

Here are five transfer pricing examples that cover common transfer pricing issues.

A reasonably arguable position - a so-called 'RAP' - is essential to protect you from penalties and interest for incorrect transfer pricing.

All electronic signature questions you ever wanted to know you find in this episode of Tax Talks. Please listen in.

The legislative framework of electronic signatures is confusing - to say the least.

Child support lump sum payments are often favoured by mothers and might improve the relationship between parents.

Child support non-agency payments are payments to third parties credited to a child support liability.

The two s100A B Blood and Guardian cases cover some very specific scenarios. And not common examples.

Updated s100A TR and PCG - get the updated review of ATO's approach to s100 issues. Avoid reimbursement arrangements.

TR 98/4 situations 4 and 5  are about non-arm's length income and arrangements.

TR 98/4 is about child maintenance trust arrangements. It lists five scenarios where the CMT does not qualify for excepted income.

Child maintenance trust income - this is the second part of our interview about the excepted income in child maintenance trusts.

CMT excepted income is what a child maintenance trust is all about. If you don't have excepted income, then there is little point in having a CMT.

How is an electronic signature safer than a wet signature? When and why do we still need a witness? And what are the elements of a System of Agreement? These are just some of the questions we will cover today with Jennifer Lauchlan and Marcus Hannah of Docusign.

You have seven options to qualify for the simplified transfer pricing record keeping as outlined in PCG 2017/2.