Claude can turn an idea into a working prototype in minutes, but creating lasting value requires much more than an impressive demonstration.
The growth in new residential builds during 2025-26 is encouraging, with planning changes and market forces helping direct more investment towards increasing housing supply.
From due diligence and acquisition structuring through to holding and exit, we outline the practical steps taxpayers should consider as Australia's broadened non-resident CGT rules take effect.
Fresh housing finance data analysed by KPMG shows lending activity fell across every major buyer group during the June quarter, as highlighted by KPMG Urban Economist Terry Rawnsley.
The draft legislation represents the first set of amendments to the enacted legislation, as highlighted by Jennifer Kwok, Ethan Zuo, Julian Humphrey and Amanda Maguire.
The Federal Court’s decision in Lewis v Commissioner of Taxation (Amendment Application) [2026] FCA 1111 serves as a timely reminder that taxpayers challenging an ATO assessment must do more than demonstrate the Commissioner was wrong, they must also prove what the correct assessment should be in order to succeed.
KPMG now expects weakness to persist through 2026, with national house values falling by 1.1 percent and national units rising by 2.2 percent.
The dream of homeownership remains alive due to increased owner‑occupiers in Western Australia, Queensland and Victoria, writes KPMG Urban Economist Terry Rawnsley.
The legislation remains a significant expansion of Australia’s foreign resident CGT regime, however changes address some of the more controversial aspects of the earlier draft, as highlighted by Matt Ervin, Enzo Coia, Alex Patrick, Tasha Chen and Amanda Maguire.
This report features KPMG’s forecast of the complex commercial property market, highlighting current dynamics across different cities globally.
The Queensland government maintains its “no new or increased taxes” approach in a 2026-27 Budget focussed on continued cost-of-living relief.
Changes to the foreign purchaser surcharge duty is framed as a housing-supply measure designed to attract overseas institutional capital to help finance additional rental housing and accommodation for older Australians
The ACT Government will remove stamp duty for all first home buyers from 1 July 2026, along with eligible pensioners.
The decision in Commissioner of State Revenue v Special Situations Investing Group III, Inc [2026] QCA 98 means particular care must be taken when considering internal group restructures involving Queensland assets or landholders, as highlighted by Cullen Smythe and Brooke Gosbell.
The first tranche of the Federal Government’s tax reforms, including replacing the CGT discount with indexation, introducing a minimum tax on capital gains and restricting negative gearing for residential property.
This article continues our series, including discussion on how the transition from the CGT discount to indexation will be implemented.
The downturn across most major cities hints at a pivotal shift, with long-stalled housing projects finally breaking ground, easing the build-up of homes stuck in the pipeline, writes KPMG Urban Economist Terry Rawnsley.
The WA Budget included four key revenue measures as part of the Housing Taxation Package, with no announced changes to landholder duty, payroll tax or land tax rates and thresholds, as highlighted by Jenny Lee, Jane Crisp and Scott Yun.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
The draft legislation includes a retrospective application of up to 20 years to prior CGT events by an expanded definition of real property that will be concerning for many taxpayers.
The Commissioner of Taxation v Morton [2026] FCAFC 31 decision has been followed closely by the release of a draft practical compliance guideline, which sets out the ATO’s proposed compliance approach to the application of Part IVA to PDAs.
With the Commissioner’s special leave application to the High Court refused, the observations of the Full Federal Court decision of Geocon provide critical guidance on refunds of excess GST in the context of Division 142 of the GST Act, as highlighted by Rebecca Lawrence, Kristie Schubert and Marko Trifunovski.
This case highlights why taxpayers would be well advised to consider related party arrangements which give rise to fees or charges, ensuring relevant evidence exists to support the incurrence of such charges, as outlined by Kristie Schubert.
House prices across the country are expected to increase by 7.7 percent this year, with momentum in the property market expected to continue in 2026.
As discussed by Cullen Smythe, Rouein Momen, Dihan Fernando and Ellie Mavromattis, these reforms aim to make it easier for developers and investors to access stamp duty and land tax relief.
The Victorian State Revenue Office recently outlined its compliance areas of focus for 2025-26. Jenny Lee, Dihan Fernando, and Cerhys McCrone summarise the focus areas relevant to properties and transactions.
Holiday rentals have been the subject of ATO scrutiny for several years, with the existing guidance needing a refresh to provide taxpayers with greater certainty on the ATO’s approach, as discussed by Hayley Lock, Craig Robinson and Jacqui Tucker.
These decisions provide much-needed clarity for foreign investors and taxpayers on their existing Australian investments, as detailed by Matt Ervin and Shalini De Silva.
The Court found a foreign or absentee surcharge land tax is constitutionally valid and can be imposed, as outlined by Rouein Momen and Brooke Gosbell.
KPMG's forecast of the national dwelling market highlights the complexity of current market dynamics across different cities and property types.
The PCG outlines the ATO’s compliance guidance on the application of the general anti-avoidance rule and the debt deduction creation rules.
The consistent rise in new homes being commenced indicates that the pipeline of new housing projects is strengthening, as highlighted by KPMG Economist Terry Rawnsley.
With commercial property in the retail and industrial sectors are now recording positive returns, and returns from the office sector bottoming out, there’s an optimistic outlook for Australia’s commercial property market despite recent global economic developments.
The statement includes updated requirements around foreign income tax offsets in relation to foreign capital gains, in light of the Burton decision, as highlighted by Natalie Raju and Edward Tweddle.
Heightened uncertainty, combined with higher inflation, economic stagnation and rising federal deficits could mean tighter lending conditions for both businesses and households, writes KPMG US Senior Economist Ken Kim.
Australian Taxation Office (ATO) Assistant Commissioner for Superannuation and Employer Obligations Peta Lonergan says the administrator will be contacting some tax agents about employers' FBT returns.
The prompt response from Treasury provides welcome certainty for foreign investors into Australia, as highlighted by Matt Ervin, Shirley Lam, Tasha Chen and Alexandra Macolino.
This report includes KPMG’s forecast of the national dwelling market, highlighting the complexity of current market dynamics across different cities and property types.
Australia's economy is experiencing slow growth, impacted by cost-of-living packages and CPI adjustments, presenting challenges for policymakers.
The United States has the possibility of rate cuts being front-loaded due to the length of time it takes for tariffs, tax cuts and curbs to immigration to work their way through the economy, writes KPMG US Chief Economist Diane Swonk.
Importantly, in seasonally adjusted terms, all this employment growth was driven by full-time jobs; this has been fuelled by elevated levels of public spending, writes KPMG Chief Economist Brendan Rynne.
With two significant cross-border financing cases handed down in favour of the Commissioner, Tim Keeling and Keith Swan discuss how the ATO have reacted to these cases and why the importance of evidence cannot be understated.
Build-to-rent legislation passed by parliament contains some welcome positive changes, balanced by continuing uncertainty on key issues.
The Victorian Government has introduced several state taxation measures, some of which have now commenced from October 2024.
Housing construction bottlenecks have seen 34,325 dwellings in Australia remain 'approved but not yet commenced' as of 30 June 2024, as outlined by Terry Rawnsley.
As highlighted by Sarah Shaw, legislation before the NSW Parliament seeks to address the duty and land tax treatment applicable to corporate collective investment vehicles.
The Commissioner’s updated aggregation ruling and voluntary disclosure program reflects the unfavourable shift by the Victorian judiciary and the SRO in the interpretation and administration of Victorian landholder duty for capital raisings, as outlined by Tessa Livingston, Jonathan Rogic and Remy Marshall.
KPMG’s submission provides an analysis of Treasury’ consultation paper on proposed changes to the foreign resident capital gains tax (CGT) rules.
This Victorian landholder duty case highlights why it is critical that every step in the process of raising capital needs to be done with great attention and precision, as detailed by Sarah Shaw and Anh Tran.
