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Understanding the Off-the-Plan Duty Concession in Victoria
Victoria’s Off-the-Plan Duty Concession reduces stamp duty for eligible buyers by excluding post-contract construction costs from the property’s dutiable value. Recent updates extend eligibility to
FBT and Christmas: Tax Considerations for Festive Celebrations
Celebrate the season with your team while managing Fringe Benefits Tax (FBT) obligations. This guide covers FBT-friendly tips for Christmas parties, employee gifts, and client
SMSF Lending: What You Need to Know
SMSFs can’t lend to members or their relatives, but can lend to unrelated parties if done at arm’s length and within the fund’s investment strategy.
Deductions When Constructing a Residential Rental Property on Vacant Land
Building a rental property on vacant land? Understanding ATO rules around deductions can help you maximize tax benefits. This article covers when construction costs become
Changes to Stamp Duty on Commercial and Industrial Properties in Victoria
Starting from 1 July 2024, stamp duty on commercial and industrial properties in Victoria will be abolished for future sales. Instead, a 1% annual tax
Setting Performance Targets: A Key to Business Success
Setting performance targets is essential for business success. This article highlights the importance of clear, measurable goals, offers tips for using the SMART criteria, and