General
The Victorian State Revenue Office has released Land Tax Ruling LTA-009 in relation to land owned by a charity. This ruling is more extensive and restrictive than the earlier Land Tax rulings it replaced.
In his first Budget, Treasurer Jim Chalmers used the opportunity to update the shifting economic sands and reset spending priorities to align with the new government’s policy agenda.
As baby boomers shift into retirement, Australia is on the brink of the nation’s biggest ever intergenerational wealth transfer. Yet estate or inheritance planning is rarely discussed by families.
Queensland Premier Annastacia Palaszczuk has announced that its controversial land tax, which was to be calculated taking into account the total value of an owner’s Australia-wide land holdings, is to be dumped.
From 1 July 2023, non-charitable not-for-profits with active ABNs will be required to lodge an annual self-review to access income tax exemption.
As a result of the closing of the Blackburn post office, our new post office box is PO Box 1088, Blackburn North, Victoria, 3130.
The government's proposed Treasury Laws Amendment (Electric Car Discount) Bill 2022 provides for an FBT exemption for employer-provided cars that are classified as zero or low emission vehicles.
We have recently decided to move to a streamlined easy-to-use electronic signing platform, as one of our highest priorities is getting documentation out to our clients as quickly and securely as possible.
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