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Does an integrated horse racing stud operation satisfy the primary production land tax exemption for non-rural land in NSW?

Draft taxation ruling TR 2021/D5 considers the ATO's view of non-deductible expenses associated with vacant land.

This article outlines the Bill's proposed amendments to the Duties Act 1997 in respect of landholder duty provisions.

Article discusses the increase to the Queensland additional foreigner acquirer duty rate from 3% to 7%.

The proposed package, focussed on stapled structures, may rebalance tax concessions in property intensive investments.

The recent NSW Bill made amendments to the Duties Act 1997, the Land Tax Act 1956 and the Land Tax Management Act 1956.

Some recent interesting cases have brought Western Australian duty law to the fore.

Article explains that transfer duty is NOT imposed if the transaction is ONLY for personal property or chattels.

This Budget focuses on housing affordability, banks and integrity measures to address inequities in the tax system.

The State Revenue Office (of Victoria) imposed a levy on certain public and private carparks within delineated areas.

Residential property developers and landowners must now consider the VRLT among other land tax considerations.

The settlement process when selling or buying real property or interests in real property in Australia has changed.

Tasmania's new taxation bill introduces significant changes for foreign investors and corporate groups, including reduced thresholds for surcharge relief and streamlined restructuring exemptions. The amendments lower the dwelling requirement from 50 to 10 units for foreign investor duty relief and eliminate pre- and post-transaction association requirements for corporate reconstructions.

An ATO garnishee notice had priority over the rights of a mortgagee to the proceeds of sale from the secured property.

The new tax is intended to encourage foreign owners to increase the number of residential dwellings available for rent.

Navigating property taxes can be challenging, but staying informed is key to avoiding penalties and ensuring compliance.

The Australian Federal Government's 2026 Budget proposes significant changes to negative gearing rules for residential property investors, set to take effect from July 2027. Under the proposed legislation, negative gearing will only apply to new residential dwellings, while existing properties purchased before May 12, 2026, will be grandfathered under current ownership.