Vacancy Fee Return For Foreign Owners
What is Vacancy Fee A vacancy fee is intended as a financial incentive for foreign owners to make their residential dwelling in Australia available for rent. This will increase available housing in Australia. By making your dwelling available for rent, you may not need to pay the fee. You may need to pay a vacancy […]
Absentee Owner Surcharge
If you own property in Victoria, you may have to pay land tax. From the 2024 land tax year, an absentee owner surcharge of 4% applies to Victorian land owned by an absentee owner. The surcharge was 2% for the 2020 to 2023 land tax years, 1.5% for the 2017 to 2019 land tax years, and […]
Vacant Residential Land Tax (VRLT) – Update
What is vacant residential land tax (VRLT) The Victorian Government introduced VRLT from 1 January 2018 to help address the lack of housing supply in Victoria. VRLT is assessed by calendar year (1 January to 31 December) and the owner of the property is liable for it. VRLT is different to land tax, the absentee owner surcharge and […]
Five steps to a tax free Christmas
OK, we know tax is not the most exciting thing to think about in the lead up to Christmas.
Tax scams catching out the unwary
Every tax time is an opportunity for scammers to target the unwary.
Budget 2015: who is in the firing line?
If you are a high income earner, earn income from overseas,
Landlords Beware: Key issue for property investors
There has been a lot of negative conversation about negative gearing lately.
