Australia: New Federal Government Innovation Policy: Green light for employee option schemes but crowd funding delayed

There’ll be changes to the taxation of employee share option schemes from 1 July 2015, but no word yet on crowd funding.

There are mixed messages for start-up companies in the Federal Government’s new “Industry Innovation And Competitiveness Agenda”.

The good news is that 1 July next year has been set as the start date for new rules on taxing employee share and option schemes. This is intended to encourage start-ups by making it easier to […]

By |November 5th, 2014|

Canada: New Tax Relief Measures Announced By Federal Government

Prime Minister Stephen Harper announced several new tax relief measures last week, which we have summarized below. Please note that the following measures are applicable only to households with children.
Family Tax Cut
The proposed Family Tax Cut allows an individual to transfer up to $50,000 of taxable income to his/her spouse who is in a lower tax bracket for federal income tax purposes.

This new income-splitting federal tax measure will provide relief of up to $2,000 […]

By |November 5th, 2014|

UK: Trust Case Sharing For Property Purchasing

Situation
Mr Chan is Chinese resident and domiciled. He has two UK properties (referred to as Property 1 and Property 2) held through two BVI companies in which he holds all of the shares. Property 1 was valued at £4.5m on 1 April 2012 and valued at £5m on 6 April 2013. It has a current market value of £5.5m and is unencumbered. Property 2 was valued at £2m on 1 April 2012, £2.5m on […]

By |November 5th, 2014|