Welcome to the Nelson Wheeler Nexia NewsletterWe are pleased to bring you the first edition of our newsletter for 2010. We hope you find the following articles informative. Please don't hesitate to contact us if you require information on these topics or any other issues. Regards The Team at Nelson Wheeler Nexia. |
Recontribution vs. Anti-Detrimentby Nelson Wheeler Nexia
With the government implementing Simple Super legislation on 1 July 2007, many strategies have been compiled regarding recontributing into your superannuation fund with the result of avoiding the 16.5% tax on death benefits. However this may not always be beneficial as paying no tax may result in no anti-detriment payment being received. Private Ancillary Fundsby Nelson Wheeler NexiaPrivate Ancillary Fund (PAF) is the new term for what was previously known as a Prescribed Private Fund (PPF). Henry Reviewby Nelson Wheeler NexiaDr Henry delivered his report on the tax system to Treasurer Wayne Swan in December 2009. Mr Swan has indicated that he will release the report before the May budget. As a result, the commentary below is merely speculation based on information reported in the press which has not been confirmed by government. Once the report is made public, we will provide a full in-depth analysis of the implications should any of the measures be adopted by the government. IMPORTANT DEVELOPMENT REGARDING THE TAXATION OF TRUSTSby Nelson Wheeler NexiaEarly last year the Full Federal Court handed down what could be a ‘landmark’ decision regarding the taxation of the beneficiaries of trusts. |
The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us. |