Upcoming changes to foreign purchaser duty

Changes to foreign purchaser duty

The State Revenue Office (SRO) of Victoria are set to impose changes from 1 March 2020 in relation to foreign resident duty charges and discretionary trusts. Read more

A beginner’s guide to property investment

Property investors are entitled to several taxation benefits, however, many fail to take full advantage of the depreciation deductions available to them.

While most investors are aware of claims for expenses such as interest on their loans, council rates, property management fees and repairs and maintenance costs, depreciation is a hidden factor often not considered. Read more

What are capital works deductions? Claiming wear and tear on your property

Capital works deductions are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property or items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation. Read more

portable long service leave update

Industries added to Portable Long Service Benefits Scheme

The Portable Long Service Benefits Scheme (the Scheme) allows employees who change employers to carry their accrued long service leave over to their new employer, provided they are staying within an industry covered by the scheme. Read more

Whistleblower policy date rolls over – is yours in place?

ASIC is reminding certain companies they were required to have a whistleblower policy in place and made available to officers and employees by 1 January 2020. Read more

Client update | February 2020

Over the December and January period we were saddened to hear of the impact around the country to both our clients and their communities by the devastating bushfires. Read more