Newsroom
June 2010 UK Budget
Author: Carl Dumbrell
Chancellor of the Exchequer Mr. George Osborne delivered his first Budget less than three months
after the final Budget of the last parliament on 22 June 2010.
Tax Investments
Author: Carl Dumbrell
As the financial year closes, many people make last minute decisions to invest in a project for the
purpose of reducing their taxable income. With the uncertainty in the world economy and numerous
corporate collapses in recent years we recommend that any investment decision is done after a due
diligence process is conducted.
Taxation Ruling 2010/3 – Family Trust Loans
Author: Carl Dumbrell
The ruling is the Commissioner of Taxation opinion on operation of Division 7A Income Tax
Assessment Act 1936 (ITAA 1936) of loan accounts between a private company and an
associated trust (i.e. family trust).
Australian Federal Budget 2010
Author: Carl Dumbrell
On 11 May 2010, the Treasurer Mr. Swan handed down the 2010-11 Federal Budget, his third Budget.
Taxation of Trusts – Bamford High Court Decision 2010
Author: Carl Dumbrell
Bamford is a test case of how the statute in Division 6 taxes a trust and its beneficiaries. The High Court
handed down it decision on 30 March 2010, by dismissing the appeal by the Commissioners of Taxation
against the decision of the Full Federal Court.
UK Budget 2010
Author: Carl Dumbrell
Chancellor of the Exchequer Mr. Alistair Darling presented his budget on the 24th of March 2010.
Audit & Assurance – Current issues
Author: Carl Dumbrell
The Australian Securities & Investments Commission (ASIC) is has recently investigated 350 listed and
unlisted financial reports for the year ended 30 June 2009.
USA Report
Author: Carl Dumbrell
CDTL is an independent chartered accounting firm with offices in Sydney, Brisbane and London.
We provide advice to local and international clients on domestic and international tax, accounting
and auditing matters.
UK White Paper 270207
Author: Carl Dumbrell
CDTL is an independent chartered accounting firm with offices in Sydney, Brisbane and London.
We provide advice to local and international clients on domestic and international tax, accounting
and auditing matters.
Henry Tax Review
Author: Carl Dumbrell
Although the Henry
Report contains sweeping recommendations to reform Australia’s tax system, the Government has
initially focused on the resources sector and superannuation. The company tax rate is also to be
reduced and there are some benefits for small business.
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