Vacant residential land tax (VRLT) for Victorian homes from 1 January, 2025
The Victorian Government introduced vacant residential land tax (VRLT) on 1 January 2018 and the VRLT is assessed each calendar year. Please read on for important changes from 1 January 2025. Prior to 1 January 2025, VRLT applied only to vacant residential land in inner and middle Melbourne. From 1 January 2025, VRLT will expand […]
Christmas deductions in 2024 – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
Selling your home? Beware of a partial capital gains tax (CGT) liability!
May 2024 Newsletter Introductory textThis month’s edition of our client newsletter includes an article on being aware of a partial capital gains tax (CGT) liability that may apply to you if you sell your main residence, potentially qualifying for a CGT exemption. This is followed by an item that explains why you should be wary […]
Christmas deductions – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
Financial Wellbeing: How well is your household budget supporting your lifestyle needs?
The cost of living in general has changed considerably over the last twelve months and Australians are feeling more financially stressed than they have for some time. When the economy puts more pressure on people and it’s time to tighten the purse strings, having better control of your money has a significant impact on your […]