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Involved in barter transactions? Good news on the horizon

30 Nov 2016

The ATO issued a Practical Compliance Guideline (PCG 2016/18) on 18 November 2016, addressing the GST treatment of countertrade transactions, more commonly known as Barter transactions.

Exposure Draft legislation – Application of GST to low value imports

25 Nov 2016

On 4 November 2016, the Treasurer released an Exposure Draft of legislation which determines that low value goods imported by consumers into Australia from 1 July 2017 will be subject to GST. This change was originally announced in the 2016-17 Federal Budget.

High Court decides: foreign companies can be Australian tax residents

24 Nov 2016

Australian mid-size businesses and investors who have operations overseas or invest across borders should take a detailed look at their structures from a tax perspective following the High Court’s decision last week in Bywater Investments & Ors v FCT [2016] HCA 45.

Supreme Court Case highlights the importance of getting the GST clauses right in contracts

16 Nov 2016

The Supreme Court of Victoria has found that GST was not to be added to the purchase price payable under a contract of sale in the case of A&A Property Developers Pty Ltd v MCCA Asset Management Ltd [2016] VSC 643.

What you need to know about changes to residential mortgage lending

15 Nov 2016

Since December 2014, the Australian Prudential Regulatory Authority (APRA) has been closely monitoring residential mortgage lending practices and encouraging continuous improvement to enhance the quality of loan underwriting. In particular, investor lending and interest-only lending have been under the spotlight.

A message from Global Head of Real Estate and Construction, Sian Sinclair

11 Nov 2016

The Australian Real Estate & Construction industry continues to be a cornerstone of the local economy, encouraging innovation and new development across the country.

Transfer duty and land tax reforms affecting foreign property investors

11 Nov 2016

Many of the States have recently been moving away from subjecting the transfer of business assets that are not real property to transfer duty. However, foreign property investors on Australia’s East Coast are being subjected to additional transfer duty and land tax as the eastern States look to replace this lost revenue.

Calculating the GST you can claim: Tribunal decision affecting retirement villages

11 Nov 2016

Those looking to apply an outputs-based method to recover input tax credits will have kept a keen eye on the outcome of RSPG v Commissioner of Taxation [2016] AATA 687 concerning the recovery of input tax credits from the construction of a retirement village.

Melbourne’s fastest selling new development, Woodlea

11 Nov 2016

A conversation with Mr Peng Hong Wong, Executive Director of Victorian Investments & Properties Pty Ltd (VIP), developer of Melbourne’s fastest selling new development: Woodlea.

New South Wales update

11 Nov 2016

In September 2016, the NSW Government announced that it was on track to deliver its biggest ever government agency leasing commitment in Western Sydney.