Rental Property: Tax Approach Adjusts for COVID-19

Rental Property: Tax Approach Adjusts for COVID-19

The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have been paying reduced rent or ceased paying because their income has been adversely affected. While rental income may be reduced, owners will continue...
NSW Discretionary Trust and Land Tax Surcharge

NSW Discretionary Trust and Land Tax Surcharge

In NSW, surcharge purchaser duty applies to acquisitions of NSW residential land by foreign persons, and surcharge land tax applies to foreign persons who are owners of residential land in NSW. Surcharge purchaser duty and surcharge land tax (together known as the...