Refund of NSW Surcharge Transfer Duty and Land Tax

NSW Foreign Surchage Provisions

The NSW foreign surcharge provisions (surcharge transfer duty and land tax rules) have been deemed inconsistent with international tax treaties set up by the Australian Federal Government with New Zealand, Finland, Germany, and South Africa. The international tax treaties encompass a range of taxation and other issues and hold the weight of federal law. Therefore, […]

Guide to tax deferral for employee share schemes

Tax Deferral Scheme

As a general rule, if you acquire an interest under an employee share scheme (ESS) you will be taxed (at your marginal rate of tax) on any ‘discount’ you receive at the time you acquire the interest under the ESS (ESS interest), unless the ESS qualifies for concession tax treatment such as the tax deferral […]

Guide to the start-up concession for employee share schemes

Start-Up Concession

As a general rule, if you acquire an interest under an employee share scheme (ESS) you will be taxed (at your marginal rate of tax) on any ‘discount’ you receive at the time you acquire the interest under the ESS (ESS interest), unless the ESS qualifies for concession tax treatment such as the start-up concession. […]

Benefits of licensing intellectual property

Benefits of Licensing IP

Did you know you can commercialise your intellectual property by licensing intellectual property rights? Licensing intellectual property occurs where you give permission for another entity to use your intellectual property on agreed terms and conditions. What are the most common forms of licences? The three most common forms of licenses are: What limitations/conditions can be […]

Intellectual property ownership structures

Intellectual Property Ownership

If you have developed intellectual property, chances are you own the intellectual property in your personal capacity. However, there are number of ways that you can own intellectual property rights (including as a partnership, in a private company or in a trust), each of which provide various advantages and disadvantages when it comes to intellectual […]

Employers guide to redundancy

Redundancy

Employers can make an employee redundant if they no longer need the employee’s job to be done by anyone or the employer’s business becomes insolvent or bankrupt. The need to make an employee redundant may arise because an employer’s business: However, the Fair Work Act 2009 (Cth) sets out specific criteria which must be met […]