Key points: The stamp duty concession for off-the-plan properties in Victoria extended to investors and the price cap removed for all buyers Barriers to bringing projects to market still need to be addressed Early investor engagement is crucial to the development process The announcement that the stamp duty concession for off-the-plan properties in Victoria has […]
The Duties Amendment (More Homes) Bill 2024 (Vic) is now before the Victorian Parliament. The Bill temporarily expands the stamp duty concession for off-the-plan purchases, which allows more purchasers (including investors) to access significant stamp duty savings. What is the bill about? On 29 October 2024, the Duties Amendment (More Homes) Bill 2024 (Vic) (“the […]
The Victorian Government has announced that stamp duty will be slashed for those who buy off-the-plan apartments, units and townhouses within the next 12 months. Craig Whatman, Tax Partner at Pitcher Partners Melbourne speaks to Ross and Russ on 3AW Breakfast about the impact this will have on buyers and the property industry:
After a slow post-pandemic recovery, South Australia has surged to be Australia’s best performing State, writes Andrew Beitz, but capitalising on that position will mean investment and an injection of skills. Fifteen years is a long time to wait, but in January South Australia finally made it — for the first time securing the top spot […]
With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25. The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25. The Budgets contain announcements regarding changes […]
Our transaction taxes experts, Craig Whatman and Irina Tan from Pitcher Partners Melbourne recently hosted an event to unpack the impact of this new tax on property owners. Watch the recording to understand: An overview of the CIPT and the proposed changes How it is intended to operate What this means for existing owners and […]
With an impressive 17-year tenure at the firm, Benjamin has expertly advised clients across a broad range of industries. His speciality lies within the property and construction industry, and he has an impressive 15 year track record supporting large property development groups, in particular with respect to large scale broad acre developments and in the […]
In April 2024, Treasury released for comment exposure draft legislation seeking to introduce income tax concessions for Build-to-rent property developments to give effect to a Federal Budget announcement made on 9 May 2023. The proposed concessions consist of a capital works deduction rate of 4% per year and a reduced withholding tax rate of 15% […]
Land tax assessment notices for the 2024 land tax year are in the process of being issued by the State Revenue Office of Victoria. A number of land tax changes have been introduced commencing from 1 January 2024, including increases to land tax and absentee (foreign) surcharge rates. You can read more about the changes […]
Nathan has extensive experience in audit and corporate advisory services, with strong technical-accounting expertise, financial literacy and commercial acumen, across broad industry sectors including retail, manufacturing and consumer business. This expertise was predominantly gained while working in Big 4 accounting firms. Strategically focused and skilled in providing insight and advice to C-Suite executives, Boards and […]
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