The Cautionary Tale of the Melbourne Corporation Ruling
This is a case that has piqued interest from a lot of people. In multiple proceedings handed down in August, the Federal Court held that nearly all deductions amounting to several million dollars claimed by three entities controlled by one individual should not be allowed. This is a case referred to as Melbourne Corporation of […]
How To Minimise Tax When You Sell Your Business
If you have worked hard on your business for many years, you are likely to have a plan to sell it at some stage. One question we are often asked about at LAL is how tax applies on the sale of a business. There isn’t a black and white answer, but this article will give […]