Simone Bridges

Jul 27, 2023 | lexology.com | John Walker |Simone Bridges |Miles Hurst |Amrit MacIntyre |Sebastian Busa |Dora Stilianos | +2 more

In briefRecent changes to income tax, stamp duty and land tax rules will reduce the tax costs of "Build to Rent" projects. These changes are part of a trend in government policy to encourage "Build to Rent" developments, with a view to increasing the supply of rental accommodation in Australia. However, unrecoverable GST on development costs remains a significant cost to developers on Build to Rent projects.

May 12, 2023 | globalcompliancenews.com | Simone Bridges |Ethan Kroll

On 31 March 2023, the Australian government released draft legislation and an explanatory memorandum regarding a new anti-avoidance measure, which prevents large multinational enterprises from claiming tax deductions for payments relating to intangibles ‘‘connected with low corporate tax jurisdictions’’.