Our advocacy work: ATO Consultation Paper – Franked distributions funded by capital raising
In November 2023, legislation introducing a new integrity rule became law.
The true cost of love: Why an Aussie romance can be taxing
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.
Research and Development (“R&D”) Tax Incentive – lodgement deadline fast approaching
Companies that have undertaken R&D activities during the year ended 30 June 2023 are required to register their activities with AusIndustry prior to 30 April 2024. This deadline is strictly enforced by AusIndustry.
What the government’s proposed changes to the stage 3 tax cuts means for you
Under pressure to provide cost-of-living relief to middle Australia, Prime Minister Albanese announced a proposed redesign of the stage 3 tax cuts legislated to apply from 1 July 2024. Treasury advice estimates that the proposed changes will offer some cost-of-living relief, in the form of a lower income tax liability in 2024-25 compared to 2023-24, […]
Victorian Government releases further details on new commercial and industrial property tax
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 […]
ATO stands by its views on UPEs and Division 7A following AAT loss
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.
Update on the proposed $3m super balance tax
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
Updates on significant Victorian property tax changes
The draft legislation introducing significant Victorian property tax changes was amended within the last week to introduce further changes. Read about these here.
NSW Labor government announces significant duty and land tax changes in its first budget in 12 years
In this article, we explain the key duty and land tax changes proposed in the NSW budget which are set out in the Treasury and Revenue Legislation Amendment Bill (‘the Bill’) and discuss what taxpayers can do to prepare for the changes.
Essential planning strategies for UK or Australian citizens with UK assets or links
Recently, Pitcher Partners Sydney hosted a webinar addressing key tax considerations for individuals with UK and Australian ties.