Key points Expanded Vacant Residential Land Tax (VRLT) rules will apply in the upcoming 2026 VRLT year. The criteria for when land will be considered vacant and attract the VRLT differ depending on the nature of the land in question. New rules for unimproved land will apply for the first time based on circumstances from […]
Key points Explains the tax design under previous legislation and how the new tax may operate Discusses the current status and timing of legislation for the new tax Outlines the controversial design features of the new tax What was the proposed $3m super balance tax? The proposal was for a 15% tax on earnings for superannuation account […]
Rachna is a Client Director in the Private Business and Family Advisory team with over two decades of professional experience. While she started her career in audit and taxation, she has been a specialist accredited Family Business Adviser for more than ten years and thrives on supporting family groups to manage and grow their wealth […]
The Federal Court in Morton v FCT [2025] FCA 366 (click here) allowed a taxpayer’s appeal against assessments that sought to tax on revenue account the gains made from the subdivision and sale of a family farm. Shortly after the farmland was zoned residential, the taxpayer engaged an external developer to undertake a project which […]
Makiko joined Pitcher Partners Melbourne in 2025, playing a pivotal role as Japan Desk Lead in the Corporate Finance team. Makiko focuses in facilitating Japanese investment into Australia. With over 25 years of experience at a leading Japanese bank in Melbourne, Makiko offers deep cultural insight, extensive business networks, collaboration and guide clients through regulatory […]
As we approach the end of the financial year, and it’s time to get your year-end tax planning sorted. We’re here to help you get everything in order. Watch our Pitcher Partners’ year-end tax planning webinar, where Tax Advisory Partner Daniel Burt, will guide you through all the essential aspects of income tax planning. During […]
With 15 May now behind us, attention turns to 30 June. With the ATO increasing its compliance focus at all levels (firms, funds, investors) and trusts in particular continuing to be under the microscope, responsible entities, trustees and fund managers must prioritise tax compliance and investor reporting. Failing to address key issues could lead to […]
As the end of the financial year approaches, it is time to start thinking about whether your year-end tax planning is in order. Tax planning requires not only a consideration of income and deductions for the year but also looking forward to opportunities ahead of 1 July. In this article we identify the key tax […]
Key points While still subject to legislative passage it is looking increasingly likely that the Government still intends to introduce the new tax. It will mean that income, such as interest, derived on super balances above $3m will be taxed at broadly 30% (15% fund tax rate and 15% new tax rate) Individuals with large […]
A new Emergency Services and Volunteers Fund Levy will replace the Fire Services Property Levy, with higher rates set to impact property owners. The current Fire Services Property Levy The Fire Services Property Levy (“FSPL”) is an annual levy paid by Victorian property owners to fund the services provided by Fire Rescue Victoria and the […]
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