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The Taxation Laws Amendment Act 2009 introduces two concessions relating to residential properties. As we explain below, however, one of them has a sting in the tail.
Thanks to vigorous submissions by several organisations, recent amendments to the Income Tax Act have ameliorated the draconian and totally unrealistic provisions introduced last year relating to...
A welcome recent amendment to the Estate Duty Act gives spouses access to each other's estate duty abatements and eliminates the need for the artificial use of structures such as trusts to achieve...
A recent insertion of section 12M into the Income Tax Act clarifies an uncertainty regarding the deductibility of retirement medical funding that in recent time has become increasingly common.
The current amendments to the Income Tax Act promulgated in September see the conclusion of the process begun in 2007 of simplifying the taxation of funds withdrawn from retirement funds, whether...