Private Wealth

KHQ News & Insights

Cloudy with a good chance of GST


Posted By on 14/08/17

By Eli Bursky (Lawyer, Private Wealth) and Darren Sommers (Principal Solicitor, Technology) As the use of the cloud to provide digital products and services has grown, so too has the interest of governments in taxing cloud-based transactions. The difficulty for governments, such as Australia’s, is that the cloud infrastructure is largely located overseas and their … Read more

Key changes to stamp duty concessions from 1 July 2017


Posted By on 1/06/17

By Jack Stuk (Principal) and Bridget Hobbs (Lawyer) Following the release of the 2017/2018 state budget on 2 May 2017, you might be aware that the stamp duty concession currently available on transfers of property (other than the primary residence) between spouses will be removed from 1 July 2017. This tax exemption is most often … Read more

Carry forward losses – a blessing or a curse?


Posted By on 12/04/17

By Jack Stuk (Principal and President NTAA Ltd), and Eli Bursky (Lawyer) Many people lost millions in the Global Financial Crisis. Potentially, despite the passage of years, they may be gainfully recouped at least in part through revenue or capital losses applied against income or capital gains in the future, assuming the labyrinth of qualifying … Read more

Can an accounting firm use the “Code of Professional Conduct” to bludgeon an ambitious employee?


Posted By on 10/04/17

By Jack Stuk (Principal, and President of NTAA Ltd) and Eli Bursky (Lawyer) A recent decision of the Administrative Appeals Tribunal highlights that tax agents may be severely sanctioned for private misconduct unrelated to their tax agent work. Background In Kishore v Tax Practitioners Board 2017 ATC ¶10-448, the Tax Practitioners Board (the Board) terminated the registration of a … Read more