Tax Flash - April 2012

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Following the Ministers Budget speech on 22nd February, we take a closer look at the changes in tax rates for different types of taxpayers and we consider the move to a medical credit system and provide an example of how it will probably work. We also provide an easy reference guide that highlights important announcements of the budget speech.

Article 1: Dividends Tax – Now that it's here

Following from the introduction of dividends tax on 1 April 2012, BDO Tax Director David Warneke takes a look at the practical implications of administering the new tax and discusses some proposed changes to the legislation.

Article 2: Tax rates announced in Budget Speech 2012

Recent proposed changes to the dividends tax legislation will introduce a differentiation between listed and unlisted shares in determining the point at which the dividends tax is triggered.

Article 3: Para 51A - Be aware of the downside

The opportunity to move residences out of trusts and companies without incurring tax applies to disposals on or before 31 December 2012. Time is limited but do ensure you understand the potential downside of utilising this legislation before taking advantage of it.