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The proposal may assist to control the "leakage" of foreign tax payments, on the sale of Australian property/assets.

Proposed new regime gives purchasers the ability to choose to pay stamp duty or to pay a smaller annual property tax.

Transcript & link to video discussing the 2 important dates for land tax in Qld being the valuation date & the liability date.

Video transcript & link to video discussing the recent announcements concerning land tax changes in Queensland.

In assessing stamp duty, the High Court adopted ‘ordinary principles of valuation' to assess the value of company assets.

This reminder note is relevant to you if you own an interest in residential land in NSW via a discretionary trust.

Due to COVID-19 NSW gov increased stamp duty exemption & concession thresholds under the First Home Buyers Assistance Scheme.

To attract more people to live in Adelaide city, stamp duty is abolished for purchase of off-the-plan city apartments.

The primary purpose of the bill is to provide, extend and clarify tax concessions and exemptions in 3 State tax Acts.

In the case, the High Court implicitly endorsed the "but for" test adopted by the Commissioner of State Revenue (Vic).

Victoria's Windfall Gains Tax captures up to 50% of land value increases resulting from government rezoning decisions. Understanding when this tax applies, how it's calculated, and what exemptions exist is crucial for landowners, developers and investors assessing project viability or negotiating transactions involving rezoned land.

Trusts will be deemed a 'foreign trust' if the terms do not prevent a foreign person from being a beneficiary.

The Queensland Government broadened the scope of the existing primary production exemption for transfer duty purposes.

The Australian property market will likely fall due to COVID-19, so stamp duty revenue could decline further in future.

Auditors are expected to review rent relief provided by SMSF trustees and report contraventions where appropriate.

These Victorian legislative amendments are relief measures for landlords and tenants in light of the COVID-19 pandemic.

When you establish your family trust deed, check the stamping requirements in your state, as they could vary.