The High Court will deliver judgment in Commissioner of Taxation v Bendel on Wednesday, 10 June 2026. This week’s tax training will be the first in a series examining the decision. Bendel is one of the most anticipated tax cases of this century. The question...
This session continues last week’s discussion on vector-based accounting for trusts. The issue remains whether trust accounts should be understood as a single static balance sheet, or as a series of related but distinct accounts which separately express legal form,...
This session introduces vector-based accounting for trusts. The issue is whether trust accounts should be understood as a single static balance sheet, or as a series of related but distinct accounts which separately express legal form, income character, timing,...
This session continues last week’s discussion of Harvey v Harvey and s 106-5, and turns to the operation of partnerships as an income-splitting structure in a world where trust distributions are subject to a 30% minimum tax. With the Government’s recent...
Last week we turned to consider s 106-5 of the ITAA 1997 and the question of what CGT event occurs when a partner contributes an asset to a partnership without transferring legal title, and how the resulting gain or loss is attributed between the partners....
This session continues last week’s discussion on Harvey v Harvey and the two competing models of partnership property, and turns to s 106-5 of the ITAA 1997. The central question is what CGT event occurs when a partner contributes an asset to a partnership...
