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
The Victorian Treasurer unexpectedly announced further significant changes for Victorian property taxes on 3 October 2023, after already introducing significant changes in May 2023 when the Victorian State Budget for 2023-24 was handed down. In this article, we explain what the changes are, what the changes could mean for you, and what you may need to do in light of the changes, many of which are proposed to start in just over 2 months.
In recent months, the Australian Taxation Office (ATO) has significantly intensified its efforts in debt recovery. Consequently, an increasing number of small businesses owners are now being issued Directors Penalty Notices (DPNs) and are forced to contemplate the possibility of seeking insolvency guidance.
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.
Planning reform, a tax shakeup and incentives for developers are needed to revive apartment development and ease Victoria’s rental crisis, according to property experts at Pitcher Partners. Severe shortages of apartments in Victoria are heaping pressure on affordability, with rental values rising 17.7 per cent year on year to reach $526 per week, according to … Continued
A promised housing package from the Victorian Government could see a range of changes to short stay accommodation . A debated ‘Airbnb tax’ is just one, imposing levies and yearly caps on short stay property use . Reducing some land taxes and other fees could encourage landowners to make vacant dwellings available for longer term rent.
In some workplaces it is common practice to provide employees a company car as a tool of trade, as part of their compensation, or to give the possibility to finance a novated lease. However, as workplaces and companies move their fleets to a greener alternative, an unintended consequence of this can be the increased employee’s tax liability.
Recently, Pitcher Partners Sydney hosted a webinar addressing key tax considerations for individuals with UK and Australian ties.
Juliana provides tax advisory and compliance services to listed investment companies, large privately owned companies and managed investment trusts (MITs). Her experience extends across a range of industries including financial services, technology, property and mining. Recognising the importance of having a supportive network throughout a career journey, Juliana has been a mentor and source of … Continued
Jordan is an assurance and financial reporting expert across a range of industries including a focus on supporting clients in the property and construction, agriculture and not-for-profit sectors. He has extensive experience providing services to publicly listed companies through to private family-owned enterprises and not-for-profit organisations. Jordan’s diverse professional experience allows him to provide commercial … Continued