Was anybody else left scratching their head after reading the ATO’s recent Decision Impact Statement concerning the Kelly judgement? We agree the judgement does not impact any existing ATO documents. However, this is largely a consequence of the Commissioner’s view not being tested rather than it being found consistent with established law. As a refresher, at stake was the Commissioner’s view that a passive investment trust is only allowed a deduction for super paid for direc

A lesson for property renovators and developers Plenty of media attention has been given to Gary Kurzer’s $6m plight against the ATO (a quick Google will attest to this). Behind this current ATO malpractice suit is a number of worthy lessons for anyone undertaking property renovations and small scale developments. This case highlights the importance of documenting your reasonably arguable position (a RAP file) and committing the ATO to a Private Binding Ruling (PBR). Mr Kurze