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Employee Share Schemes: Deductibility of expenses

While draft ATO determination rules out immediate tax deductions for fees incurred to establish an employee share scheme, ongoing associated expenses may remain deductible. On 23 February 2022, the Commissioner released Draft Determination TD 2022/D2, addressing the deductibility of expenses incurred when establishing and administering an Employee Share Scheme (ESS). The Commissioner has stated expenses […]

Simon Tucker, Partner

Director, Tax
Since joining SW, Simon has become a trusted technical specialist, delivering innovative solutions in all areas of income tax law. Simon has an extraordinarily deep and broad technical knowledge and quickly understands, applies and retains complex legislation. Simon joined SW in 2007 following four and a half years working in the Australian Taxation Office (ATO). […]

Gifted assets treated as assessable income

The Federal Court of Australia handed down an income tax decision in favour of the Commissioner of Taxation on 7 February 2019. Victoria Power Networks Pty Ltd v Commissioner of Taxation [2019] FCA 77 Correct income treatment The dispute involved the correct income treatment for VPN of electricity connection work assets that were required to […]