Pioneering thought — Sladen Legal

Kaitilin Lowdon

Kaitilin Lowdon

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PCG 2024/3 – the ATO’s practical approach to section 99B

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PCG 2024/3 – the ATO’s practical approach to section 99B

The ATO has finalised its practical compliance guidance Practical Compliance Guideline PCG 2024/3 (Guideline) to clarify how the ATO will apply its compliance resources in relation to the application of section 99B when Australian residents receive payments or benefits from non-resident trusts. The guideline outlines common scenarios, record-keeping expectations, and low-risk arrangements.

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Sladen Snippet - Private Wealth Advisor Program: advisors beware – you are on the ATO’s watch list

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Sladen Snippet - Private Wealth Advisor Program: advisors beware – you are on the ATO’s watch list

Over the course of the last year, the Australian Taxation Office (ATO) has repeatedly indicated in various forums that advisors are in the ATO’s sights.

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Quy v FCT: less than 2 months in Australia … I still call Australia home

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Quy v FCT: less than 2 months in Australia … I still call Australia home

The Administrative Appeals Tribunal (Tribunal) has held in Quy v FCT [2024] AATA 245 that a taxpayer, who was physically in Australia for less than 2 months each year, was a resident of Australian tax purposes.