Business transactions can raise a complex combination of tax issues, often multi-dimensional, cutting across income tax (including capital gains tax), GST, stamp duty, land tax, FBT, payroll tax and superannuation guarantee.
Tax Navigator provides practical guidance on the relevant tax issues by explaining the tax aspects of various situations and transactions, illustrating how they fit together.
Key features
- Topics addressing discrete business transactions or situations, broadly following the business life cycle — from the “birth” of a business to its “death”
- Roadmap or overview containing outline or summary of the particular transaction or situation, tax issues, including regulatory issues to quickly identify the key planning issues or tax issues
- Links to detailed analysis or commentary within Tax Navigator or other relevant practice areas on CCH iKnowConnect
Content Coverage
- Choosing a business structure
- Obtaining finance
- Buying and selling a business
- Setting up an office
- Salary packaging
- Contractors and income from personal services
- Taxation responsibilities of company directors
- Leasing and asset management
- Business conferences and seminars
- Company distributions
- Change of business premises
- Subdivisions and other property development activities
- Residential rental properties
- Tax and the family home
- Disposal of personal assets
- Primary producers
- Environmental protection
- Business migrants and visitors + working overseas
- Use of trusts
- Winding up a solvent company
- Compliance, Reviews, Audits and Disputes
- Legal expenses and compensation
- Marriage breakdown
- Sickness, injury and disability
- Fire, Flood, Drought and other disasters
- Death and deceased estates
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Prepared by Marcus Lai, the Editor in Chief of the Australian Master Tax Guide (74th edition) 2024, the following checklist sets out significant changes that are scheduled to operate from the 2023–24 income year.
The Australian Master Tax Guide, Australia’s leading tax handbook is now available in CCH iKnowConnect. The online edition is fully searchable – with links to source material.
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