by Garry Wolnarek | 8 Jun 2025 | Capital Gains, Land Tax, Principal Place of Residence, Property Advice, Property Developers, Property Investors, Property Taxation
Important Timing Considerations – Especially Around Financial Year-End ⚠️ Important Timing Considerations – Especially Around Financial Year-End Scenario Overview Option Granted: 1 May 2024 Option Fee: $50,000 (non-refundable) to purchase a commercial property for...
by Garry Wolnarek | 23 Feb 2025 | Land Tax, Property, Property Advice, Property Investors, Property Taxation, Tax Planning
Picture of a vacant block of land to illustrate it may be subject to land tax What is Land Tax? Land tax is a state and territory-imposed tax on the unimproved value of taxable land owned by individuals, companies, and trusts. It is calculated annually based on a...
by Garry Wolnarek | 10 Jun 2023 | Land Tax, Property, Property Investors, Property Taxation, Rental Income, Rental Properties, Tax Planning, Uncategorised
Gold Coast – Example of the Housing Rental Competing Forces Many Apartments are sitting empty most of the year, including an entire beachfront tower. Gold Coast mayor Tom Tate cited an entire high-rise sitting empty in the triple tower Jewel development at...
by Garry Wolnarek | 27 May 2023 | Covid-19, Land Tax, Property, Property Investors, Property Taxation, Tax Planning
Victoria was the most locked-down state in Australia, if not the world during Covid, resulting in the Victorian Government accruing over $30 Billion in debt to keep the doors closed. Victorian Statement Government wants to raise $8.6 Billion over the next 4 years by...
by Garry Wolnarek | 11 May 2022 | Land Tax, Property
The Tasmanian Government has introduced measures to: amend the Land Tax Act 2000 (Tas) to, among other things, introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022. Note: the measures will not apply to principal...
