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Rick Hemphill, Partner

Director, Business & Private Client Advisory
Rick has over 11 years’ experience across a broad range of business and private client advisory services to both listed and unlisted companies, funds management groups, SMEs, not for profits, charities and high net wealth private client groups. A well-rounded Chartered Accountant and tax advisor, Rick thinks outside of the box and regularly collaborates with […]

Broader university exemption for Windfall Gains Tax, VIC

Further to legislation passed in November 2021, current proposed amendments to Victoria’s Windfall Gains Tax expands exemption for universities. Introduction of Bill includes a further exemption State Taxation and Treasury Legislation Amendment Bill 2022 (part 8) provides an exemption from the Windfall Gains Tax for land owned by a university in certain circumstances.  Background The […]

Chris Dexter, Partner

Director, Business & Private Client Advisory
Chris has 16 years’ experience in assisting private clients and large private family groups with all of their accounting and taxation requirements. He works with SMEs and Family business groups to create plans and strategies that adapt to each individual client. Chris brings a diverse background in accounting, advisory and financial services which allows him […]

Victorian Universities – Windfall gains tax & changes to charity land tax exemption

Changes to charity land tax exemption to increase University land tax bills. The recently released Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 has introduced Victoria’s new Windfall Gains Tax and included changes to the charity exemption for land tax. This should be considered closely by Universities that hold land […]

Victorian Build to Rent Concessions introduced

The Victorian Government has introduced Build to Rent Concessions in the form of a 50% reduction in land tax and an exemption from the land tax Absentee Owner Surcharge. Build to Rent (BTR) projects which will in turn ensure Victorians have access to more rental homes and a greater range of housing options. BTR Benefits […]

Windfall gains tax

After being deferred 12 months from the original Victorian Budget announcement, the windfall gains tax (WGT) will come into effect on 1 July 2023. This applies to uplifts in land value resulting from amendments to planning schemes that take effect on or after 1 July 2023 and is payable by the owner of the land […]