23/08/2024
The Victorian Court of Appeal has dismissed the taxpayers Oliver Hume’s appeal and affirmed the Commissioner’s decision to impose landholder duty. The Victorian Court of Appeal recently handed down its unanimous decision in Oliver Hume Property Funds v Commissioner of State Revenue [2024] VSCA 175. The Court determined that the acquisition of 99.99% of the […]
20/08/2024
All foreign residents exiting Australia will face increased Capital Gain Tax (CGT) and administrative costs, particularly in the Australian renewable energy sector. Australian Treasury released a consultation paper detailing proposed changes to the current foreign resident CGT regime which were raised in the last Federal Budget. Central to the proposed changes is: The changes will […]
14/08/2024
The ATO has published its preliminary views on certain technical and practical aspects on section 99B, providing taxpayers with clarity on its application. On 31 July, the ATO released draft guidance in relation to Section 99B of the Income Tax Assessment Act 1936, including: Comments on both releases are due on 28 August 2024. What […]
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 […]
24/05/2024
Under the Vacant residential land tax (VRLT), owners of holiday homes in Victoria can breathe a sign of relief with those properties held in trusts or companies now may be appliable for the holiday home exemption. The Government has delivered on its promise to extend the VRLT holiday home exemption in relation to land held […]
09/04/2024
The Victorian Commercial and Industrial Property (CIPT) Tax Reform is the most significant Victorian property tax reform in more than 30 years. Anyone looking to buy or sell commercial or industrial property should stay informed. SW is delighted to invite you to our Commercial and Industrial Property Tax Reform webinar where our experts will share […]
26/03/2024
The new Victorian Commercial and Industrial Property Tax (CIPT) will impact property purchases after 1 July 2024. This is a significant change to transition away from stamp duty for commercial and industrial property. There are numerous complexities in the proposed legislation. The Commercial and Industrial Property Tax Reform Bill 2024 was introduced into the Victorian […]
21/03/2024
Explore the latest in the world of taxation in our Tax Chat webinar series. Join us for three engaging sessions on the most recent tax rulings, cases and key developments shaping the tax landscape. During these sessions, our newest Tax Partners, Kirsty McDonnell and Vanessa Priest, will be discussing all things tax- including updates to […]
08/03/2024
CTS enables you to streamline and automate your entire tax reporting and compliance process. These include: CTS streamlines the calculation of tax balances to be included in the financial statements. The outcome – CTS delivers increased integrity, efficiency and effectiveness. CTS automatically: This means that the complex tax effect accounting is simplified, with the […]
04/03/2024
With over 18 years of experience as a tax specialist, Kirsty has worked extensively with privately owned groups and listed entities. Her expertise spans tax compliance, tax effect accounting, restructures, tax consolidations, employee share schemes, small business CGT, trust tax issues, and international tax matters. Kirsty has a proven track record in tax controversy, handling […]