Interview: Victorian government introduces a surprise new tax
The Victorian government has announced a new tax expansion on vacant and undeveloped properties, with Treasurer Tim Pallas announcing the reform act at property breakfast yesterday.
The Victorian government has announced a new tax expansion on vacant and undeveloped properties, with Treasurer Tim Pallas announcing the reform act at property breakfast yesterday.
In this article, we explain the key duty and land tax changes proposed in the NSW budget which are set out in the Treasury and Revenue Legislation Amendment Bill (‘the Bill’) and discuss what taxpayers can do to prepare for the changes.
A promised housing package from the Victorian Government could see a range of changes to short stay accommodation . A debated ‘Airbnb tax’ is just one, imposing levies and yearly caps on short stay property use . Reducing some land taxes and other fees could encourage landowners to make vacant dwellings available for longer term rent.
Build to Rent (BTR) is an established sector in the USA (estimated at 12% of residential housing) and has over the last decade blossomed in the UK (currently estimated at 5% of residential housing).
Lirize is a Partner in our Tax Advisory division with over 20 years of professional services experience. She specialises in transfer pricing, where she works closely and collaboratively with the client teams across various areas of the business, to help taxpayers proactively manage transfer pricing risk and reporting obligations. Lirize joined Pitcher Partners as a […]
The ATO recently finalised its guidance (Taxation Ruling TR 2023/2) on when it considers labour costs incurred specifically for constructing and creating capital assets to be capital in nature and therefore not deductible under section 8-1 of the Income Tax Assessment Act 1997.
Paul specialises in providing personal and business wealth protection through life and disability insurance advice for professionals, entrepreneurs, and business owners. With over 12 years in the insurance industry, together with his previous experience across a range of industries, Paul has built a strong knowledge of the diverse insurance requirements and personalised solutions required for […]
Since joining Pitcher Partners over 10 years ago, Matthew has become an integral part of the team that assists clients in managing the Private Business and Family Advisory function, predominately on taxation, compliance and structuring matters. Matt has strong problem-solving abilities and a keen business sense, both of which have enabled him to develop strong […]
Juliana provides tax advisory and compliance services to listed investment companies, large privately owned companies and managed investment trusts (MITs). Her experience extends across a range of industries including financial services, technology, property and mining. Recognising the importance of having a supportive network throughout a career journey, Juliana has been a mentor and source of […]
Jordan is an assurance and financial reporting expert across a range of industries including a focus on supporting clients in the property and construction, agriculture and not-for-profit sectors. He has extensive experience providing services to publicly listed companies through to private family-owned enterprises and not-for-profit organisations. Jordan’s diverse professional experience allows him to provide commercial […]