Tax| 07 Nov 2019
Land that a person owns and occupies as their home, or ‘principal place of residence’ (PPR), is generally exempt from land tax. In Victoria, the exemption has also historically extended to separately titled land that was ‘contiguous’ with the PPR ...
Tax| 11 Oct 2019
This week in Talking Tax we take a look at draft legislation aimed at tightening the taxation of income received by minors from testamentary trusts and a draft ruling on the commercial debt forgiveness rules exception for love and affection. ...
Tax| 12 Jul 2019
The Australian Taxation Office (ATO) has said that the income tax rules and transfer pricing rules ‘can be read to operate harmoniously’.
Tax| 06 Jun 2019
New legislation that is expected to take effect on 12 June could impose transfer duty on ‘economic entitlements’, such as income derived from property transactions...
Tax| 28 May 2019
Tim Pallas MP, Treasurer for Victoria, delivered the FY20 state budget (Budget) in Parliament yesterday afternoon and the State Taxation Acts Amendment Bill 2019 (Bill) was introduced to Parliament to implement proposed tax changes.