Estate Planning in the New Financial Year – Put Your Tax Return to Use
Take advantage of your tax return this new financial year by investing in your estate planning, and ensure that your hard-earned assets are distributed according to your wishes, with the help of our Wills and Estates team.
Bankruptcy Law Reform
The Attorney-General has announced reforms to Australia’s bankruptcy laws which seeks to reduce the stigma associated with entering into bankruptcy and to ensure that Australia’s bankruptcy system is fairer and operates in the best interests of all Australians.
New Victorian Wine Strategy – Do you have an interest in wine?
The Victorian Government and the wine industry are co-designing a new strategy funded by the 2023-2024 State Budget. Over two years, stakeholders can shape the Victorian Wine Strategy through forums and submissions. Agriculture Victoria's engagement paper invites input on industry issues and opportunities until Sept 1, 2024.
High Court Ruling - Land Tax Exemption for Primary Production
The High Court has ruled on the ‘dominant use test’ for the primary production land tax exemption. In the recent Godolphin case, the multifactorial analysis has been confirmed with no one factor being regarded as determinative. The Court has clarified that the ‘dominant use’ requirement qualifies must be both the lands use as well as its purpose.
Land Tax Exemption for Primary Production: Win for the Taxpayer
The land tax exemption for primary production land has been clarified where land is used for multiple purposes. The dominant use test has been interpreted as an objective assessment where profitability is not determinative.