On May 7, 2024, the US Treasury and IRS release proposed regulations for the taxation and reporting of foreign trusts. These extensive regulations, spanning over 150 pages, are particularly relevant for the US citizens in Australia and Australians residing in the US. US foreign trust regime As a result of some taxpayers using foreign trusts […]
On 20 March 2024, the Victorian Government introduced the Commercial and Industrial Property Tax Reform Bill 2024 (Bill) into Parliament. The Bill establishes the new Commercial and Industrial Property Tax (CIPT). The introduction of the Bill follows the announcement in the Victorian Government’s 2023-2024 State Budget of its intention to progressively abolish stamp duty on […]
Ali Suleyman, Elena Bogomolova and Peejade Cheng from Pitcher Partners Melbourne, present the annual Fringe Benefits Tax (FBT) Update. This webinar is designed to assist you in preparing and lodging your FBT return for the year ended 31 March 2024. In this webinar, refresh your knowledge and learn more about: Fundamental principles of FBT Recent […]
In November 2023, legislation introducing a new integrity rule became law.
Think before you swipe right on that dating app – because if you hook up with the wrong person, your tax situation could completely change. What could be more romantic than thinking about tax on Valentine’s Day? The calculations, the spreadsheets, the auditing… #love.
Update 22/03/2024: The draft legislation for the new commercial and industrial property tax has just been released. Read more about it here. Contact a Pitcher Partners representative if you have any questions regarding the new tax. In the 2023-2024 State Budget, the Victorian Government announced its intention to progressively abolish stamp duty on commercial […]
Cathi is the driving force behind the superannuation division at Pitcher Partners Adelaide. She specialises in assisting clients with their personal tax through self-managed superannuation funds (SMSFs). Her particular interest lies in the structure of SMSFs, where she works diligently to ensure the best possible tax outcomes for trustees and members. Cathi’s in-depth knowledge of […]
The ATO has issued an interim decision impact statement following the AAT’s decision in Bendel v FCT, currently on appeal to the Federal Court.
The new tax is still subject to legislative passage with a stated commencement of 1 July 2025. It will mean a tax of 15% to the proportion of ‘earnings’ above $3m at the end of a financial year. For individuals with large super balances it’s wise to start considering management strategies
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