SMSF ruling - acquisition of an asset by a SMSF from a related party

Posted under taxes by ATO - All New Information on Friday 26 February 2010 at 1:00 am
This ruling explains that a trustee or investment manager of a self-managed super fund (SMSF) cannot intentionally acquire an asset from a related party of the SMSF unless an exception applies to that asset.

Final taxation ruling - Income tax: superannuation contributions

Posted under taxes by ATO - All New Information on Friday 26 February 2010 at 1:00 am
This final ruling explains the Commissioner's views as to the ordinary meaning of 'contribution' in the context of contributions made to a superannuation fund, approved deposit fund or retirement savings account.

Capital allowances: Plasterboard and cornice manufacturing assets - draft effective lives

Posted under taxes by ATO - All New Information on Friday 26 February 2010 at 1:00 am
This document makes available for comment draft effective lives for the assets used in plasterboard and cornice manufacturing assets. Comments should be made by 19 March 2010.

Self-managed super funds and tax exemptions on pension assets

Posted under taxes by ATO - All New Information on Thursday 25 February 2010 at 1:00 am
You may be able to claim a tax exemption in the SMSF annual return for certain income, once your SMSF commences paying super pensions.

eLink 06/10

Posted under taxes by ATO - All New Information on Wednesday 24 February 2010 at 1:00 am
Bulletin to inform tax practitioners of the most recent updates to ato.gov.au including lead articles titled 'New tax agent services legislation is coming' and 'How processing delays may affect you or you clients'. Issued 17 February 2010.

All superannuation funds must lodge income tax returns

Posted under taxes by ATO - All New Information on Wednesday 24 February 2010 at 1:00 am
All regulated superannuation funds must lodge an income tax return.

Guide to managing your tax debt

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
Information about what to do if you are having difficulty paying your tax.

Our approach to collecting debt

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
An overview of our collection strategy. NAT 72798.

Finding it difficult to pay your tax?

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
Brochure explaining what you need to know if you have a tax debt or are having difficulty paying on time. NAT 72797.

Capital allowances: iron smelting and steel manufacturing (generic assets) - revised draft effective lives

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
This document makes available for comment draft effective lives for generic assets used in iron smelting and steel manufacturing. Comments should be made by 31 March 2010.
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