Resources.
FRCGW tax will increase from 12.5% to 15% with threshold drop from $750k to $0
From 1 January 2025, the Foreign Resident Capital Gains Withholding （FRCGW） tax rate will increase from 12.5% to 15% and the withholding threshold will be reduced from $750,000 to $0.
Major State Tax changes in Victoria
The State Taxation Acts and Other Acts Amendment Act 2023 was passed on 12 December 2023. The Act introduced a number of changes to Victoria’s land tax. Some of the key changes are highlighted below.
QLD Property Law Bill 2023
The Property Law Bill 2023 has recently been introduced to Parliament in Queensland. If enacted, the Bill will replace the historic Property Law Act 1974 (QLD) which has been in place now for almost 50 years.
Video: Disputes in Property Development
In this short video, Principal Lu Cheng discusses the options available to investors in a dispute with a property developer.
New law on sunset clauses in off-the-plan contracts
The Sale of Land Amendment Bill 2018 (Bill) was introduced on 21 August 2018 proposing to amend the operation of sunset clauses in off-the-plan contracts by amending the Sale of Land Act 1962 (Vic) (Act).
New GST withholding law on residential property
The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 was introduced on 7 February 2018, proposing to introduce a new GST withholding scheme on supply of residential property by amending the Taxation Administration Act 1953 (Cth).
Are you aware of the new Vacant Residential Land Tax?
It is important to understand your obligations and how the vacant residential land tax may affect you from 2018.
Combustible cladding and apartment fires – what you need to know
Several recent high profile fires around the world have put the spotlight on the use of combustible cladding as a building material.
New regime for building disputes in Victoria
As of 26 April 2017, a new regime for resolving domestic building disputes takes effect in Victoria.