Capital city: Nain Currency: Hutt River Dollar Population: 23 Language: English & French GDP …
Read More »
Benefits provided to employees of religious institutions in respect of pastoral duties or other duties or activities directly related to the practice, study, teaching or propagation of religious beliefs is exempt from FBT. The FBT exemption applies where: A religious practitioner is an employee of a registered religious institution. A benefit is provided to the…
Read More »
Capital city: Saint Helier Currency: Pound sterling (GBP) Population: 100,080 Language: English & French GDP …
Read More »
Employee meal costs, like lunch during a normal work day, are normally private non- deductible expenses. But an employer can provide the following meals to employees, claim a tax deduction for the expenses, and pay no fringe benefits tax: • Tea, coffee and cakes provided on business premises for employees and customers. • Sandwiches, muffins,…
Read More »
Capital city: Douglas Currency: Manx pound (official) Population: 85,000 Language: English GDP …
Read More »
Tax Planning Strategy 193 involves using your SMSF to purchase a farm (or hobby farm) and then leasing it back to the taxpayer (or associated entity) to operate a farming business. This strategy has the following attractions: Ability to combine the superannuation fund balances of up to 4 family members to purchase the farm.…
Read More »
Capital city: Dover Currency: USD Population: 935,000 Language: English GDP …
Read More »
Rebatable employers are entitled to a FBT rebate equal to a percentage of the gross FBT payable, subject to a capping threshold. Organisations that may qualify for the FBT rebate include: Registered Charities who are endorsed as a charitable institution for these purposes Certain educational, scientific or public educational institutions Trade unions and employer…
Read More »
Capital city: City of Monaco Currency: Euro (€) Population: 38,400 (2015) Language: French GDP …
Read More »
This strategy involves transferring the life interest in business real property into a SMSF (instead of transferring the whole interest in the real property). The SMSF becomes the ‘life tenant’ with the ‘life in being’ based on the life expectancy of a member of the fund. The life tenant will become the registered proprietor of…
Read More »Similar posts you may like
- Dubai
Capital city: Dubai Currency: Dirham (AED) Read more
- Tax Planning Strategy 172 | Antique, Veteran or Vintage Car
The purchase of an antique, veteran or vintage car for use in a business will provide the normal depreciation and operating deductions. This will Read more
- Tax Savings Strategy 219 | Avoid the Luxury Car Tax
The luxury car tax (LCT) is a tax on cars with a GST inclusive value above the LCT threshold ($66,331 as at 2018/19). LCT Read more
- Djbouti
Capital city: Djibouti Currency: Djiboutian franc Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2