Date: February 21st 2018 (sent 23rd February 2018)
This edition of Newsflash shows just how interesting tax law can be.
In Icehot’s case when the bank sells you up they are liable for the GST but they can take it out of your money and you can’t challenge whether GST was actually applicable in the first place.
In Lewski’s case a complex profit distribution minute could lead to the profit not being distributed at all and taxed at the maximum tax rate as a result.
There is also an askbantacs question about moving in and out of your home and covering it with your main residence exemption.