From www.accountantsdaily.com.au: Pitcher Partners warns that changes to the UK’s inheritance tax regime could severely impact Australians with UK investment portfolios, potentially imposing a 40% tax on estates worth £325,000 or more.… read more
From chrissievers.com: The High Court allowed a taxpayer’s appeal in the case of Automotive Invest Pty Ltd v Commissioner of Taxation, deciding in a 3:2 ruling that the purpose of displaying luxury cars in a museum was primarily to facilitate their sale as trading stock, rather than as an independent tourist attraction.… read more
From au.andersen.com: The October 2024 Monthly Tax Update from Andersen Australia details recent legislative changes and developments in corporate, individual, indirect, and international tax.
Key updates include the introduction of a bill to streamline small business tax obligations and an extension of the anti-money laundering regime to cover lawyers and accountants.… read more