Vacant Residential Land Tax Commences 1 January 2025
You may be aware that the Vacant Residential Land Tax (VRLT) commences on 1 January 2025. This state tax is an additional tax to the normal land tax you may have been paying. It relates to properties in Victoria that have been unoccupied for more than 6 months in the 2024 calendar year. An exemption […]
Maximising Fringe Benefits Tax (FBT) this festive season
As the festive season approaches, many businesses are planning ways to reward their teams with end-of-year celebrations and gifts. While these gestures of appreciation boost morale and strengthen workplace relationships, they often come with tax implications, specifically in the form of Fringe Benefits Tax (FBT). Understanding FBT and planning carefully can ensure your generosity doesn’t […]
