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 residence land held by foreign persons or to commercial residential properties such as hotels, boarding houses, housing provided by educational institutions, residential care facilities and retirement villages; and
The amendments to the Duties Act 2001 will also clarify that for the purposes of the application of the FIDS to SMSFs and testamentary trusts that members of SMSFs have a beneficial interest in the assets of the fund and beneficiaries of testamentary estates have a beneficial interest in the assets of the trust.
If you’re like many property investors in 2025, you might be wondering: How can I create reliable income and growth without overextending myself? You’re not alone — we hear this from clients every week. One proven answer is the granny flat strategy. Adding a granny...
New Residential Seller Disclosure Requirement in Qld from 1st August 2025 What Property Sellers and Their Advisors Must Know Introduction Buying or selling a home in Queensland is about to undergo significant changes. From 1 August 2025, sellers will face new legal...
Considering a SMSF setup before 30 June 2025. Pause.If there are no contributions or assets in the fund, you could be triggering thousands in avoidable compliance costs, all without gaining any strategic benefit. Why timing matters for SMSF setup Setting up an SMSF...
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...
Main Points Considered A New Zealand Citizen living in Australia, do they qualify for the First Home Owners Grant (FHOG) Also, can they qualify for the First Home Owners Stamp Duty Concessions What if they rent out the spare bedroom to help pay the mortgage? Scenario...
Principal Place of Residence Exemption Loss if Sold While Overseas Summary of how the Principal Place of Residence (PPR) Exemption is impacted by moving overseas. When Australian homeowners move overseas and become non-residents for tax purposes, selling their...
Having an investment property prior or posted to it being a principal place of residence has tricky CGT Calculations. Capital Gains Tax (CGT) is an essential consideration for property owners when selling a property used for different purposes over time. This blog...
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...
Temporary Resident in Australia Suppose you are a temporary resident in Australia and want to purchase a Principal Place of Residence (PPR). In that case, there are restrictions and requirements you must follow, mainly governed by the Foreign Investment Review Board...
Seven changes impacting your super in 2025 Superannuation rules are constantly changing, and 2025 is set to bring some updates that could affect your retirement savings. Whether you’re just starting to build your super or already planning for retirement, keeping up...
