This month we explore a range of recent tax and superannuation developments that may affect individuals, business owners and trustees. We begin with the High Court's landmark Bendel decision, which provides greater clarity around the tax treatment of unpaid trust distributions that are owed to corporate beneficiaries, while also highlighting the need to consider other anti-avoidance provisions. We then explore the ATO's increasing focus on sharing economy income as expanded data-matching programs make it more important than ever to correctly report earnings from online platforms.
Next, we outline the updated 2026–27 business vehicle thresholds, including the latest depreciation limits, GST credit caps and Luxury Car Tax thresholds, to help businesses make more informed purchasing decisions. Finally, we examine the new restrictions on SMSF borrowing arrangements, with changes that are likely to affect trustees looking to acquire property through limited recourse borrowing arrangements and important transitional rules that may apply to existing transactions.
Your-Knowledge-Newsletter-August-2026