FBT Q&A ‘ Application of s. 58X (provision of certain work related items) where supplemental warranty purchased
FBT implications where Council pays/reimburses cost for provision of electronic portable devices for employees to use at home. Council also pays/reimburses cost of extended warranty.
Is an insurance excess included in the car expense calculation under s. 10 FBT Assessment Act?
Will salary sacrifice for skin checks attract FBT?
Where only part of a property is sold, when determining if there are ‘no improvements on the land’ under s. 38-445 does Council need to consider the whole property or just the part being sold? Also, would a fence constructed by an adjoining landowner prevent Council from accessing s. 38-445 as an improvement?
Is the sale of vacant land owed by a local authority since before 1 July 2000 a taxable supply? If so, can the local authority use the margin scheme or will the conventional calculation of GST apply?
In the November 2016 Tax Update we discussed the ATO’s newly released PCG 2016/18 which provides GST concessional treatment for certain B2B transactions where non-monetary consideration is provided. Labelled ‘countertrade’ transactions, the concessions may prove helpful in a variety of situations, including for example, land transactions where only non-monetary consideration is provided such as agreed […]
This article discusses a recent case in which the Queensland District Court was required to interpret a reference to ‘GST’ in a contractual provision providing for reimbursement of GST. The article identifies some implications for consideration.