Prospects & challenges in taxing illegal gains in Nigeria:Tax Policies, Laws and Administrative Efficiency. June 29, 2017 Read More »
The decision of the High Court in FCT v Myer Emporium Ltd 87 ATC 4363 was a landmark in tax jurisprudence that required a reappraisal of the traditional distinction between income and capital, and had the effect of greatly enlarging the concept of ordinary April 26, 2017 Read More »
How would your answer to (a) differ if Emma used the $50,000 to purchase the shares herself, instead of lending it to her husband? September 21, 2016 Read More »
Advise Periwinkle of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2016. September 21, 2016 Read More »
On 1 September 2015, Periwinkle provided Emma with a loan of $500,000 at an interest rate of 4.45%. Emma used $450,000 of the loan to purchase a holiday home and lent the remaining $50,000 to her husband (interest free) to purchase shares in Telstra. September 21, 2016 Read More »
Periwinkle Pty Ltd (Periwinkle) is a bathtub manufacturer which sells bathtubs directly to the public. On 1 May 2015, Periwinkle provided one of its employees, Emma, with a car as Emma does a lot of travelling for work purposes. September 21, 2016 Read More »
