Ali Suleyman, Elena Bogomolova, Peejade Cheng and Gary Matthews from Pitcher Partners Melbourne, present the annual Fringe Benefits Tax (FBT) Update. This session is designed to support you in preparing and lodging your FBT return for the year ended 31 March 2026. Our experts will help you refresh your knowledge in relation to key principles […]
Key points Legislation introducing a new tax on superannuation earnings for individuals with total super balances above $3 million has been enacted by Parliament. Only minor amendments were made to the draft legislation released in December 2025. Refer to our previous bulletin outlining key aspects of the draft legislation. The start date for Division 296 is 1 July 2026, with the first assessments […]
Land tax assessment notices for the 2026 land tax year have started being issued by the State Revenue Office of Victoria. Land Tax for the 2026 land tax year is assessed based on the total taxable value (site value/unimproved value) of Victorian land owned by landholders as at 31 December 2025. Vacant Residential Land Tax, introduced last land tax […]
Key points The Federal Government has released draft legislation for their redesigned tax on earnings for people with more than $3 million in super. The draft legislation is currently undergoing a consultation process and may change and further detail is still to come on some elements. The start date for Division 296 tax is 1 […]
The Victorian Vacant Residential Land Tax (VRLT) for the 2026 year is determined by the 2025 calendar year, which is drawing to a close. With new unimproved land provisions commencing on 1 January 2026 and existing VRLT rules continuing to apply, this year is not simply a rollover of last year’s position. Stakeholders should review […]
Treasurer Jim Chalmers announced a significant overhaul of the government’s proposed Division 296 tax, the measure designed to reduce superannuation tax concessions for individuals with very large super balances. The changes mark a clear shift in policy direction – softening some of the most controversial features of the original proposal and introducing a more graduated, […]
The property and construction industry has once again been identified as a sector of concern by the ATO, with recurring compliance issues placing builders, contractors and tradies under closer review. This industry has long been considered high-risk by the ATO, due to its reliance on subcontracting, complex payment arrangements and, in some cases, cash transactions. […]
Key points Cryptocurrency transactions are subject to taxation, it is important that you understand the rules to stay compliant. The Australian Tax Office (ATO) and global regulators are increasingly focusing on crypto, leveraging blockchain data and monitoring transactions. The article provides an overview of various taxation considerations around crypto, including capital gains tax, income tax, […]
Key points Rental terms for the build-to-rent (BTR) land tax concession become stricter – Additional administrative requirements with a potential minimum lease period of 12 months adds additional burden to landowners who are currently accessing or looking to access the BTR concession. Commissioner’s power to make provisional determination for Commercial and Industrial Property Tax (CIPT) […]
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 […]
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