Search

Display 11-20 of 41

Government announces expansion of vacant residential land tax in Victoria

09/10/2023

As part of the State Taxes Acts and Other Acts Amendment Bill that has been introduced to Parliament, the Allan government is set to expand the Vacant Residential Land Tax (VRLT) from 1 January 2025 to apply statewide. Currently, the VRLT applies to only inner and middle suburbs of Melbourne. VRLT will continue to be […]

ATO Ruling TR 2023/3: Impact on deductibility of holding vacant land expenses

09/10/2023

The Australian Taxation Office (ATO) has finalised Taxation Ruling TR 2023/3, an update to the draft ruling TR 2021/D5. This ruling, effective from 1 July 2019, focuses on the deductibility of expenses related to holding so called “vacant” land. Taxpayers considering holding or investing in land need to understand the implications of this ruling. Summary […]

NSW removes foreign owner property taxes for certain countries

31/05/2023

Welcome news for foreign property investors in NSW as Revenue NSW removes foreign owner surcharge land tax and surcharge purchaser duty effective immediately, with refunds backdated to 1 January 2021. UPDATE – 29/05/23 On 29 May, Revenue NSW released an update on the foreign owner surcharge, following their announcement on 21 February. Revenue NSW identified […]

Build-to-Rent Tax Incentives to accelerate Australia's housing supply and promote sustainable real estate development 

22/05/2023

Australia’s rental crisis is set to be tackled head-on by the Albanese government, which has proposed incentives to boost housing supply through build-to-rent (BTR) developments in the recent Federal Budget.   According to the budget papers, for eligible new BTR projects where construction commences after 9 May 2023, the government will :  increase the depreciation rate […]

Federal Budget overview 2023/24 - May

09/05/2023

Last night, the Federal Budget for FY23/24 was handed down by Treasurer Jim Chalmers. The Federal Government delivered a cost of living plan, promising it will not increase inflation. The budget included key measures for energy & resources, SMEs and healthcare with hospitality, tourism and property missing out. Did you miss out on our Federal […]

Developing out of a recession | Property development seminar

30/03/2023

With multiple economic factors currently affecting the property industry, we are delighted to bring you this property development seminar with experts who have lived through boom & bust periods, and have genuine advice and insights into the industry’s current challenges and opportunities. The interactive face to face event was hosted by SW property expert, Sejla Kadric, […]

Land transfer duty – Acquisition of economic entitlements in relation to land (service fees)

12/09/2022

The State Revenue Office of Victoria (SRO) recently released a draft Ruling on the operation of the economic entitlement provisions contained in the Duties Act 2000 (Duties Act). Our experts look at whether the guidance provides clarity for the property industry and investors. On 30 August 2022 the State Revenue Office of Victoria (SRO) released […]

Property webinar series - SW & Re-leased

12/07/2022

SW and property management tech company, Re-leased present a national property webinar series across a range of topics for property management professionals. The series engages highly experienced speakers to bring you the latest trends, opportunities and thinking from across the sector. Each session runs up to 1-1.5hrs, includes panel discussion and audience Q&A. Upcoming event […]

Sejla Kadric, Partner

30/06/2022

Sejla has 17 years’ experience in providing accounting, tax and business advisory services, and has a passion for the property sector. Sejla Kadric supports local and foreign owned businesses across a range of sectors, with particular focus on assisting property developers with all of their key requirements. She brings a commercial pragmatism to all her […]

NSW property tax reform

22/06/2022

The NSW Government has announced first home buyers will be able to choose to pay an annual property tax instead of stamp duty. This significant proposed property tax reform aims to reduce the upfront cost for purchasing a home. First home buyers purchasing properties up to $1.5m as their principal residence will now be able […]