Duties (Qld): Guidance on ex gratia relief from AFAD for significant developments
The Queensland Revenue Office has updated its ruling on ex gratia relief from additional foreign acquirer duty (AFAD) for significant developments. DA000.15.4 outlines the factors that may be taken into account when determining whether to grant ex gratia relief from AFAD imposed on acquisitions of residential land by foreign entities for development purposes.
Duties (Qld): Guidance on AFAD concession for build-to-rent developments
The Queensland Revenue Office has released DA000.17.1, which clarifies the Commissioner’s position regarding how to determine whether an AFAD concession may apply to land used, or to be used, for a build-to-rent development (as defined within the meaning of the Land Tax Act 2010 (Qld)). As such a concession can only apply where a developer is eligible to obtain a build-to-rent land tax concession, regard should be had to LTA000.5.1 for the Commissioner’s interpretation of when those criteria will be met.
Duties (Qld): Guidance on ‘AFAD residential land’ updated
The Queensland Revenue Office has updated its ruling on the meaning of ‘AFAD residential land’ for the purposes of determining whether an acquisition of land is liable to AFAD. DA232.1.3 clarifies the Commissioner’s interpretation of the meaning of the phrases ‘solely or primarily used for residential purposes’ and ‘designed or approved by a local government for human habitation by a single-family unit’, which are relevant to the definition of AFAD residential land. The ruling also lists some relevant factors which will be taken into account when determining whether the requirements of the phrases are met.
Duties (Qld): Guidance on interests for purposes of AFAD updated
DA 000.14.4 clarifies how the Queensland Revenue Office will consider interests of foreign persons and related persons for the purposes of determining whether foreign persons have a controlling interest in a corporation or at least 50% of the trust interests in a trust, for the purposes of determining those entities’ liability to AFAD.
Duties (Vic): Committee recommends abolition and replacement of transfer duty
The Victorian Legislative Council’s Economy and Infrastructure Committee has recommended that the Victorian government consider replacing land transfer duty with a broad-based land tax in its final report on its inquiry into land transfer duty fees. This was originally recommended in the Henry Review, but to date no State or Territory has implemented this recommendation.
Payroll tax (ACT): Temporary exemption for payments to GPs
The ACT government has announced a number of temporary payroll tax measures for payments made by relevant medical centres to GPs. These include:
- waiving payroll tax liabilities until 30 June 2023 for medical practices that have not previously paid payroll tax on payments made to GPs (thereby ensuring such businesses are not subject to retrospective assessments);
- providing further time for medical practices which support the community with reasonable levels of bulk billing to review their arrangements, seek advice and implement necessary changes to ensure future compliance through to 2025; and
- a payroll tax exemption on payments made to GPs until 30 June 2025 where the payments are to GPs who bulk bill at least 65% of all patients, have registered for MyMedicare, and register with the ACT Revenue Office by 29 February 2024.