Real Estate

Land Tax Amendments – Are you prepared?

The South Australian Government has defiantly issued its Land Tax (Miscellaneous) Amendment Bill 2019 (Bill) for consultation manifesting a clear intent on the part of the Government to shut what some members of the Government have labelled “loopholes”, alter the way land tax is aggregated and introduce new bases for taxing certain types of trusts.

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Land Tax Changes – South Australia

The Marshall Liberal Government in South Australia (State Government) announced as part of its 2019/20 budget measures to change the aggregation principles in the Land Tax Act 1936 (SA) (Act). These budget measures have been the subject of significant political discourse and discontent amongst the investment and development community. Adam Rinaldi, Partner, advises as to the proposed scope of the budget measures and its prospective impact on investors and developers in South Australia.

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Landcom reports on feasibility of Build-to-Rent projects

A recent report by Landcom ‘Build-to-Rent in Australia: Product feasibility and potential affordable housing contribution’ (July 2019) looks at the feasibility of build-to-rent (BtR) developments in light of current market conditions and policy settings.  Recent changes to tax treatment of income from Managed Investment Trusts (MIT) is likely to have a significant impact for foreign investors.

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