A highly regarded professional, Lisa has an impressive career spanning more than 20 years. During her tenure with Pitcher Partners’ Adelaide firm, she has gained significant experience providing accounting and compliance services and advice, including business structuring, tax planning, finance applications, business structuring and general taxation advice and strategies to a diverse range of clients. […]
Entities lending to related parties on complying Division 7A terms will generally earn interest on these loans at benchmark rates. The rate for repayments for the 2022-23 year was set in May 2022 at 4.77%. However, market borrowing rates have significantly increased since last May.
Key points Construction businesses are facing a perfect storm of supply chain delays, material cost spikes, labour shortages, and fixed-price contract pressures. Monthly or quarterly financial reporting is essential to understand real-time business performance and make informed decisions. Focusing on cash flow, profitability, and cost control can help businesses stay solvent and adapt to volatile […]
Treasurer Tim Pallas handed down the Victorian State Budget 2023-24 on the afternoon of 23 May 2023. It contains a number of proposed changes to Victoria’s tax regime, the most significant of which for business relate to payroll tax, land tax and stamp duty reform for commercial and industrial properties.
Today’s 2023-24 State Budget saw the Treasurer announce a significant reform to Victoria’s duty regime, with duty on commercial and industrial properties to be replaced over time with an annual property tax.
The finer details of the new regime are unlikely to be known for some months as we understand the Government intends to consult with industry before introducing the relevant legislation into Parliament. However, based on the Government’s media release we understand the change will involve:
The 2023/24 Victorian Budget delivered on 23 May 2023 includes various land tax changes, including increases to land tax and absentee (foreign) surcharge rates that will increase holding costs for a range of property owners. The Budget also introduces some land tax concessions that may assist a proportion of homeowners and home buyers.
As a senior member of the Corporate Finance Team at Pitcher Partners Melbourne, David uses his 18 years’ experience to support his clients to navigate their financial decisions and provide valuable and strategic advice. He is passionate about helping clients make informed investment decisions. For David, this means combining the right information with the right […]
Key points Recent land valuations in NSW—up over 38% in some areas—may push property owners into paying land tax for the first time or increase existing liabilities. Land tax applies annually to non-exempt properties such as investment homes, commercial units, and vacant land, based on total land value as at 31 December. Understanding thresholds and […]
An income tax generalist with over a decade of experience, Leo specialises in CGT, Trusts, Corporate Tax and Division 7A. He also sits on various committees including those with CA ANZ and the Tax Institute of Australia. Truly passionate about all things tax, he is constantly developing his deep expertise and keeping informed as to […]
Revenue NSW announced this week that the duty and land tax surcharges imposed on foreign owners of land in NSW is inconsistent with the international tax treaties entered into by the Federal Government with New Zealand, Finland, Germany and South Africa.
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