Australias Tax News Podcast For Tax Professionals

Pitch your nitch - if this was easy, we would all be doing it. But it isn’t. So let this episode give you some food for thought.

For US citizens living in Australia, the US taxation of Australian SMSFs is a huge question.

Putting a duplex development onto a site that was previously a main residence can throw a lot of tax issues at you.

Let’s do some brainstorming about the tax implications of duplex developments.

When you rent out your main residence, can you tax deduct your home loan? And if you can, can you still claim the 6-year absence rule for the main residence exemption, so basically pay no CGT on the capital gain but still claim the interest while you are renting it out? That is the question  Andrew Henshaw of Velocity Legal in Melbourne will discuss with you in this episode.

How should you structure a property development project for tax purposes? Here is Andrew Andreyev of Andreyev Lawyers with some thoughts.

A default beneficiary might save your trustee from paying top marginal tax rates on trust income and capital gains - without a 50% CGT discount. 

Missing trust distributions can cost you a lot of money unless you have a default beneficiary.

For an expansion into the US is it best if your Australian trust holds LLC interests directly? Rather than going through a C-Corp?

Imagine you want to expand your business overseas. How do you avoid tax leakage but also avoid being dragged into the overseas tax system?

When you give an Australian loan to US operations, should you loan to your US blocker or directly to your US trading entity?

When would you set up an LLC plus blocker to expand into the US market? Marsha Dungog of Withers has the answer.

Inbound investments have implications for Australian tax. Clint Harding of Arnold Bloch Leibler in Sydney will tell you what they are.

How do you show Australian companies in US returns? Seth Hertz of US Expat Tax has the answer.

Cross-border royalties - what do you need to look out for when your client pays royalties to an entity overseas? 

As a non-US tax resident, should you run your US business through an LLC or C-Corp?

To block or not to block - that is the question Clint Harding and Alex Rasmussen will discuss with you in this episode.

When your clients expand into the US, here are the types of US corporations to choose from.

Here are 7 important concepts in international tax. Understand those and you got the basics. 

The conditions for the NSW jobsaver and micro-business grant are changing. Matthew Addison of ICB has the details.