Welcome to Pitcher Perspective, where we take you beyond the numbers and go in-depth on the current issues affecting Australian businesses, families and individuals. It’s that time of the year again, where we begin to focus on year-end tax planning. To take us through the numerous tax strategies available, Private Wealth Partner Jordan Kennedy sits […]
Updated information as of April 1, 2025: Legislation to implement the proposed new tax on super balances above $3m did not pass Parliament prior to the election being called. The legislation has now expired and the new tax will not proceed as previously announced. While this outcome looked unlikely less than 12 months ago, pleasingly […]
Melbourne Partner Craig Whatman joined 3AW this week to provide insights into the Federal Budget 2025-26, handed down on March 25. Key points It was a ‘light’ budget – with some election sweeteners for individuals, but no major tax reform. The tax system is still not setup for the increases in productivity that will be […]
Ali Suleyman, Elena Bogomolova and Peejade Cheng from Pitcher Partners Melbourne, present the annual Fringe Benefits Tax (FBT) Update. This webinar aims to assist you in preparing and lodging your FBT return for the year ended 31 March 2025. Watch to refresh your knowledge and learn more about: Key principles of FBT Recent updates Record-keeping requirements […]
Last week’s unanimous Full Federal Court decision in Commissioner of Taxation v Bendel (“Bendel”) indicates that the Australian Tax Office’s (ATO) views since December 2009 about unpaid present entitlements (“UPEs”) should no longer be sustainable in the context of Division 7A. While we wait for further announcements from the ATO or the Federal Government (regarding […]
Chanel joined Pitcher Partners in 2020 as a Manager in the National Tax Group, working her way up to Client Director in 2025. Chanel has over 10 years of experience, and specialises in private wealth taxation, particularly Division 7A, trusts, corporate tax, managed funds and engagement with Australian Tax Office (ATO) reviews and disputes. Chanel […]
Land tax assessment notices for the 2025 land tax year have started being issued by the State Revenue Office of Victoria. Land tax for the 2025 land tax year is assessed on the total taxable value (site value/unimproved value) of Victorian land held by landowners as at 31 December 2024. This year is the first year […]
Key points What is estate planning? The importance of having an estate plan in place If you do have plans in place, you should review their effectiveness As you create your 2025 “to do list”, be sure to include estate planning. But first, what is estate planning? Estate planning involves preparing your financial situation in […]
Key points: The issue of negative gearing continues to get airplay in political discussions and media in the housing affordability & supply space, but by history remains unpopular and probable political suicide to implement. Although the ATO may have existing powers to push back on this and the tax arbitrage with CGT concessions, in practice […]
Key points If an SMSF member loses mental capacity, the fund risks becoming non-compliant unless swift action is taken to remove them as trustee or director. Establishing an Enduring Power of Attorney (EPOA) for each SMSF member ensures continuity by allowing a trusted person to act on their behalf. Appointing a corporate trustee instead of […]
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