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Taxing times : getting taxation of termination payments right

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journal contribution
posted on 06.12.2017, 00:00 by Jennifer ButlerJennifer Butler
Where a lump sum is paid on termination of employment there are a number of tax consequences that may arise. The tax treatment of a lump sum will depend on the circumstances surrounding the payment and what the payment refers to. In some circumstances a lump sum will give rise to tax treatment that is concessional in nature while in other circumstances the tax treatment of the lump sum will be more in the nature of a penalty. This paper discusses the circumstances in which a lump sum may arise and explores the nature of the tax treatment that applies in each circumstance from the perspective of both the employee and the employer.

History

Volume

29

Issue

5

Start Page

253

End Page

261

Number of Pages

9

ISSN

0312-1658

Location

Sydney, Australia

Publisher

Thomson Reuters

Language

en-aus

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Faculty of Arts, Business, Informatics and Education; Institute for Resource Industries and Sustainability (IRIS);

Era Eligible

Yes

Journal

Queensland lawyer.