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Land Tax Assessments 2025 | What you need to know

07/02/2025

The Land Tax Assessments for 2025 are being issued by the relevant State Revenue Offices (SRO). Are they correct and are you paying too much Land Tax? Usual Land Tax Assessment process Each Council/Shire engages a Licensed Valuer for the purpose of valuing each property in their municipality in respect of: If you conduct any […]

Build-to-Rent Managed Investment Trust legislation passed

12/12/2024

The passing of the Build-to-Rent (BTR) Managed Investment Trust (MIT) legislation marks a pivotal moment for the Australian property market, addressing long-standing barriers to foreign investment and encouraging the growth of the BTR sector. The legislation has passed both houses of parliament and will apply to eligible BTR developments to: The higher 30% MIT WHT […]

Key VIC changes introduced by the State Taxation Further Amendment Bill 2024

10/12/2024

The State Taxation Further Amendment Bill 2024 introduces key reforms for Victoria, including expanded CIPT duty exemptions, strengthened FPAD and AOS provisions, a land tax exemption for charitable housing providers, payroll tax updates, and other minor amendments. The State Taxation Further Amendment Bill 2024 (the Bill) received Royal Assent on 3 December 2024. The key […]

New temporary off-the-plan duty concession

25/10/2024

On 21 October 2024, the Victorian Government announced a temporary off-the-plan duty concession to ease the financial burden for buyers of off-the-plan properties like apartments and townhouses in strata subdivisions.   This new concession is set to last for 12 months and attempts to address ongoing challenges in the Victorian property market, particularly amid high construction […]

Oliver Hume Case update | State Revenue Office emboldened to review past capital raises for property trusts under an IM 

21/10/2024

The Victorian Court of Appeal’s recent decision in Oliver Hume Property Funds v Commissioner of State Revenue [2024] VSCA 175 prompted the State Revenue Office (SRO) to update its ruling (DA-075v2) and introduce a voluntary disclosure amnesty for taxpayers impacted by landholder duty principles from the case. Importantly, once the amnesty ends on 31 March […]

Luke Fernandes, Partner

02/07/2024

Luke is a Partner in our Tax practice and has over 16 years of experience advising Australian and multinational groups. Luke is recognised for his ability to navigate complex and technical issues with a personable approach that leads to excellent results. Luke specialises in the Funds Management, Agribusiness and Retail sectors, bringing expert knowledge to his clients by […]

NSW Budget | foreign owner duty & land tax surcharges

25/06/2024

On 18 June 2024, the New South Wales Government released its 2024-25 budget with plans to increase the foreign purchaser duty surcharge and foreign owner land tax surcharge. From the 2025 land tax year (1 January 2025), the NSW Government will increase the rate of the foreign purchaser duty surcharge from 8% to 9%. The […]

Media release | SW announces new partner promotion – Luke Fernandes

25/06/2024

SW Accountants & Advisors (SW) is excited to announce the promotion of Luke Fernandes to partner effective 1 July 2024. This expansion of the national partner network reflects the firm’s ongoing dedication to growth and client support. Mr. Duane Rogers, CEO and Partner of SW congratulates Luke on his appointment, stating, “Luke’s dedication and commitment […]

VIC State Budget 2024/25

09/05/2024

The Victorian State Budget 2024/25 seeks to address the inflationary and interest rate pressures and focuses on health and education spending. With high debt levels, Treasurer Tim Pallas has curbed infrastructure expenditure with property taxes set to increase. Key takeaways What does the State Budget mean for you? Property & infrastructure Payroll Tax Contributors William […]

Build to Rent investment legislation released, designed to ease Australia’s housing shortfall

11/04/2024

The much-anticipated draft Build to Rent (BTR) legislation has been released for consultation, intended to significantly boost Australian developments in order to help ease Australia’s significant housing shortfall. The SW Property & Infrastructure team are at the forefront of key changes and impacts related to BTR and the proposed legislation. Our submission to Treasury will […]