by Financially Sorted | Jul 30, 2024 | Business, Economy, Finance, Interest Rates, Land Tax, Superannuation, Tax & Accounting, Tax Returns
Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July 2024. At the same time, the...
by Financially Sorted | Apr 1, 2024 | Land Tax, Property Investment
Navigating the intricacies of Land Tax can often feel challenging for property owners. As jurisdictions impose varying regulations and rates, understanding your obligations can be a daunting task. With concerns mounting over escalating land tax liabilities, it is...
by Financially Sorted | Feb 1, 2024 | Land Tax, Property Investment
Summary of State Taxation Acts and Other Acts Amendment Act 2023 Local Government Act (in force from 13/12/2023) Amends the definition of “Capital Improved Value” to be the same definition as in the Valuation of Land Act (which has also been amended to include...
by Financially Sorted | Nov 30, 2023 | Land Tax, Property Investment
Owning your own home is every Australian’s dream. Owning a holiday home has also been a dream for many. Well, it certainly was. With various changes over the years to land tax rules, it’s also now becoming a very expensive dream. In saying that, the Victorian...
by kirstyb | Apr 30, 2023 | Land Tax, Property Investment
Many own investment properties and have used this type of investment over the years to generate wealth and help create a comfortable lifestyle in retirement. With costs, such as land tax rising recently along with changes to the rental tenancies act, many are asking...
by kirstyb | Feb 27, 2023 | ATO, Interest Rates, Land Tax, Property Investment, stamp duty
The rising costs of Land tax bills are arriving across the State of Victoria, and many have been left stunned by staggering increases. Speaking to many clients and listening to many of the media outlets like 3AW and the nightly news services, its being reported that...
