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Absentee Owner Surcharges | Duties Act 2000 (Victoria)

Absentee Owner Surcharges | Duties Act 2000 (Victoria)

Absentee Owner Surcharges | Duties Act 2000 (Victoria) From the 2020 land tax year, an absentee owner surcharge of 2% applies to Victorian land owned by an absentee owner. The surcharge was 1.5% from 1 January 2017 and 0.5% for the 2016 land tax year. The absentee...

Discretionary Trusts in NSW: Foreign Persons

Discretionary Trusts in NSW: Foreign Persons

Discretionary Trusts in NSW: Foreign Persons – Surcharge land tax and Surcharge purchaser duty Recently enacted changes to purchaser duties and land tax arrangements will expand surcharges for trusts which include foreign persons as beneficiaries. Legislation passed...

Federal Budget 2020 | Aged Care Updates

Federal Budget 2020 | Aged Care Updates

Enhanced access, quality and safety in aged care The 2020-21 Budget provides a record level of $2.0 billion support into aged care over four years to progress reforms to deliver improved outcomes for consumers and providers. Support for consumers includes: $1.6...

Federal Budget 2020 | Personal Income Tax Changes

Federal Budget 2020 | Personal Income Tax Changes

Key insights Bringing forward personal income tax cuts should result in an immediate cash increase for most employees. Low income earners will receive additional support through the increase to the Low Income Tax Offset and maintaining the current Low and Middle...

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