December 16, 2022 | MGI Parkinson

Tax Office releases Final Guidance on Trust Distributions and s100A.

The ATO has now finalised its guidance on when they will seek to apply section 100A to trust distributions made to beneficiaries who don’t receive or enjoy the benefit of that distribution. Whilst the timing of this release may not suit many with the Christmas break fast approaching, it does provide a clearer indication of […]

FBT Exemption for Electric Vehicles

Legislation has recently been passed with regards to making electric vehicles exempt cars (albeit with two Senate amendments). These new rules provide an FBT exemption for electric vehicles made available to employees for private use. This “car fringe benefit” is an exempt benefit if it meets the following conditions: the benefit is provided by employers […]

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MGI Perth Financial Services Pty Ltd, Rocco Fazari & Brenton Burke are authorised representatives of SMSF Advisers Network Pty Ltd (www.smsfadvisersnetwork.com.au, ABN: 64 155 907 681, AFSL Number: 430062) and are licensed to provide superannuation advice only through SMSF Advisers Network Pty Ltd.