Sladen Legal is a Melbourne-based law firm dedicated to providing professional and legal advice to private companies. We represent some of Melbourne`s most innovative and forward-thinking companies and are driven by the determination and entrepreneurial spirit of our clients. If you reside in Australia and do business abroad, or if you are a foreign resident in Australia, your tax obligations may be affected by tax treaties between Australia and other countries. Therefore, it is important that you seek legal advice from an experienced tax lawyer to understand your rights and obligations under the law. Our tax team has the expertise to provide you with legal advice on international tax matters: Sladen Legal has been included in the list of leading Victorian tax firms 2020. The list of leading Victorian tax law firms 2020 describes law firms active in tax advisory and litigation issues in the Victorian legal market. identified by clients and colleagues for their expertise in this area. As intra-group transactions are not taken into account for income tax purposes, tax consolidation can facilitate the implementation of tax-efficient corporate restructurings. However, these possibilities need to be carefully assessed in the context of the anti-avoidance provisions of income tax legislation.

In addition, the possible consequences of the transfer of business assets depend on the nature and location of each asset and must also be carefully weighed. The question of when a taxpayer holds shares or other investments in the capital or income account is fundamental to determining whether the profits from the investment are capital or ordinary income. Only 1 week left! Register now for our December webinar: Your Digital Life After Death – Digital Asset Estate Planning. The Internet as a public domain is only three decades old. However, with widespread adoption and new phenomena due to technological advancements such as distributed ledger technology (including blockchain technology), you can find more information and records here: bit.ly/3UUi12t A consolidated group is treated as a single entity for income tax purposes and the principal corporation is generally liable for the group`s tax debts. The main company would maintain a single postage account and accumulate the group`s tax losses. Tax exemption denied to landowners who have entered into a land use planning contract. Read More Here: bit.ly/3XsWXSK On September 19, 2022, Justice Thawley of the Federal Court rendered his decision in BBlood Enterprises Pty Ltd v FCT [2022] FCA 1112 (BBlood), the most recent decision on section 100A of the Income Tax Assessment Act, 1936. The Australian Taxation Office (ATO) argued that section 100A was applicable. Our tax team is comprised of experts in their field who are widely recognized for their commitment to developing innovative solutions for tax audits, audits and litigation.

We have extensive experience and knowledge in substantive tax law, ATO policies and procedures, tax and judicial administrative law, and judicial and judicial rules. The recent Federal Court decision Minerva Financial Group Pty Ltd v. Commissioner of Taxation [2022] FCA 1092 (Minerva) means that the federal Commissioner of Taxation (Commissioner) can successfully review a trustee`s discretion under the General Tax Avoidance Provisions (Part IVA). While tax consolidation can offer significant opportunities for wholly-owned groups, especially in the current economic climate, tax integration legislation is extremely complex and evolving and requires careful application. An indirect tax allocation agreement should also provide for the entry and exit of GST group members to ensure: Led by industry-leading tax professionals and technical tax commentators, Sladen Legal`s tax team provides insightful and understandable commercial tax advisory solutions for complex and evolving state, federal and international tax laws. Part 6 – Summary: Foreign Residents, Australian Residents and Capital Gains Quoting Winston Churchill, we have said that the Federal Court`s decision in Guardian AIT Pty Ltd ATF Australian Investment Trust v. FCT [2021] FCA 1619 (Guardian AIT) relating to section 100A of the Income Tax Assessment Act 1936 may be the “end from the beginning” of what leads to greater clarity on the judicial and administrative approach in this case. This is not the case in the United Kingdom. Our services are not limited to this once an ATO review, audit or litigation has begun.

Our services include those in preparation for a review, audit or litigation, including under the ATO Top 500, Next 5000 or Justified Trust programs, such as: Neil Brydges, CTA, is a senior counsel in Sladen Legal`s steering group. Neil is active in all areas of direct and indirect taxation, with a particular focus on trusts, corporate taxation, mergers and acquisitions and Division 7A. Neil has also provided comprehensive advice on cross-border tax matters. With his technical knowledge of tax, Neil works with clients to achieve business and practical results, and Neil has experience with the ATO on complex tax issues in a dispute resolution context.