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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...

Federal Budget 2020 | Business Tax Changes

Federal Budget 2020 | Business Tax Changes

The Budget has introduced temporary measures intending to stimulate business investment and deliver further cash flow benefits. Key insights To assist eligible businesses impacted by COVID-19, temporary tax loss carry-back measures have been introduced to offset...

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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