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.
The ATO warns businesses with substantial tax debts
Key points ATO cautions businesses with large tax debts or unpaid super obligations. Non-compliance may lead to credit reporting agency disclosures. Prompt settlement is urged to avoid reputational and financial damage. The Australian Taxation Office (ATO) has issued a caution to businesses carrying substantial tax debt or those that have neglected their superannuation responsibilities, instructing […]
Significant Victorian property tax changes – land tax, Windfall Gains Tax and various other changes
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.
The ATO is increasing its debt recovery activity – is your business ready?
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.
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.
Rental crisis demanding a radical rethink
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 […]
An Airbnb tax is not the answer to the rental crisis
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.
How the new change on the FBT tax is impacting the end users
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.
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.
Juliana Kee
Juliana provides tax advisory and compliance services to listed investment companies, large privately owned companies and managed funds. Her experience extends across a range of industries including financial services, technology, property and engineering. Recognising the importance of having a supportive network throughout a career journey, Juliana has been a mentor and source of inspiration for numerous junior […]