From January 1, 2025, there will be a new levy (sometimes referred to as the ‘Airbnb tax’) applicable to short stay accommodation in Victoria. Owners, residential tenants and providers of booking platforms may be liable for the levy. The levy applies to total booking fees for short stays, whether bookings are made on a booking […]
Key points: The stamp duty concession for off-the-plan properties in Victoria extended to investors and the price cap removed for all buyers Barriers to bringing projects to market still need to be addressed Early investor engagement is crucial to the development process The announcement that the stamp duty concession for off-the-plan properties in Victoria has […]
The Duties Amendment (More Homes) Bill 2024 (Vic) is now before the Victorian Parliament. The Bill temporarily expands the stamp duty concession for off-the-plan purchases, which allows more purchasers (including investors) to access significant stamp duty savings. What is the bill about? On 29 October 2024, the Duties Amendment (More Homes) Bill 2024 (Vic) (“the […]
The Victorian Government has announced that stamp duty will be slashed for those who buy off-the-plan apartments, units and townhouses within the next 12 months. Craig Whatman, Tax Partner at Pitcher Partners Melbourne speaks to Ross and Russ on 3AW Breakfast about the impact this will have on buyers and the property industry:
Levi Holdsworth takes immense pride in his role at Pitcher Partners, where he is dedicated to serving the middle market with a personal touch. With 15 years of industry experience, he specializes in high-net-worth individuals, family offices, small to medium-sized businesses, property development, construction, hospitality, and entrepreneurial start-ups. Bringing a unique perspective as the son […]
After a slow post-pandemic recovery, South Australia has surged to be Australia’s best performing State, writes Andrew Beitz, but capitalising on that position will mean investment and an injection of skills. Fifteen years is a long time to wait, but in January South Australia finally made it — for the first time securing the top spot […]
With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25. The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25. The Budgets contain announcements regarding changes […]
Our transaction taxes experts, Craig Whatman and Irina Tan from Pitcher Partners Melbourne recently hosted an event to unpack the impact of this new tax on property owners. Watch the recording to understand: An overview of the CIPT and the proposed changes How it is intended to operate What this means for existing owners and […]
With an impressive 17-year tenure at the firm, Benjamin has expertly advised clients across a broad range of industries. His speciality lies within the property and construction industry, and he has an impressive 15 year track record supporting large property development groups, in particular with respect to large scale broad acre developments and in the […]
In April 2024, Treasury released for comment exposure draft legislation (see here) seeking to introduce income tax concessions for Build-to-rent property developments to give effect to a Federal Budget announcement made on 9 May 2023. The proposed concessions consist of a capital works deduction rate of 4% per year and a reduced withholding tax rate […]
Thank you for you interest