Since 1 July 2018, an eligible homeowner aged 65 or over can make a tax-free downsizer contribution of up to $300,000, or up to $600,000 per couple, into superannuation from the proceeds of selling a home. This is regardless of caps and restrictions that may otherwise apply. This measure may provide an excellent opportunity to boost…
On 12.10.21, the Premier of Victoria issued a media release extending and modifying previously announced measures to encourage investment in rental properties. Eligible Build-to-Rent developments completed and operational between 1 January 2021 and 31 December 2031 will receive both the 50% land tax discount and full exemption from the Absentee Owner Surcharge (AOS) for up to 30 years from…
BoT review of GST on low-value imported goods On 5 July 2021, the Federal Government announced that the BoT would undertake a review of the application of GST to low-value imported goods; rules that have been in place since 1 July 2018. Consultations took place in August and September of this year and the…
Bruce Collins – Tax Controversy Partners Recent developments in payroll tax in some Australian jurisdictions have raised serious issues for medical practitioners which may result in medical practice operating entities becoming liable for greater payroll tax based on various payments made to the medical practitioners themselves being included in the relevant payroll tax thresholds…