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.
Australia’s fintech landscape sees investment activity being increasingly concentrated in a smaller number of strategic transactions involving more mature fintechs.
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 proposed rules recognise the commercial reality that higher debt levels may be necessary for infrastructure projects which are capital-intensive, as highlighted by KPMG NZ’s Robert Grignon and Emma Baines.
The report by KPMG UK’s David Wren provides an analysis focused on bank-specific taxes, such as those taxes that only or predominantly apply to banks.
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.
A strict interpretation of the guidance will mean that taxpayers with almost any form of offshore operations or investment will be practically excluded from relying on the third-party debt test, as detailed by Minh Dao, Katrina Piva and Amanda Maguire.
The finalised guideline is broadly in line with the draft version, however there are some areas that the final PCG does not address, as outlined by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Julia Klarich.
KPMG’s labour market analysis highlights statistics in the sub-markets that contribute to Australia’s overall unemployment numbers.
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 Budget includes a package of revenue measures which continue the tax reform program of shifting revenue from conveyance duty to general rates, as outlined by Candice Wong, Jane Crisp and Myuri Kuganathan.
Streamlining the ex-gratia relief system and “revenue protection” measures for the duty and land tax surcharges will be of interest to foreign property-holding taxpayers, as discussed by Dorian Beaver, Alex Pringle and Bella Hammond.
The New South Wales Budget introduces key measures to incentivise investment, including new measures benefitting developers on new housing system and projects, as outlined by Jenny Lee, Benita Siswojo and Jie Ding.
The Western Australia Budget 2025-2026 does not introduce any new taxation measures and continues to implement measures to promote cost of living relief and housing affordability, as discussed by Dorian Beaver, Daniel Kim and Christopher Wong.
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.
The ATO may review and apply compliance resources in circumstances where an Australian entity that holds passive assets are ‘restructured’, so that it then is able to qualify as a MIT, where there is no clear commercial rationale for such restructure, as detailed by Matt Ervin, Shirley Lam and Tasha Chen.
An ATO private binding ruling illustrates why the terms of any employee incentive plans need to be carefully considered, including in relation to the deductibility of any payments made under the plan, as detailed by Stacey Hannam and Mitchell Bird.
Taxpayers that are considering undertaking restructures or refinances in relation to debt, should review the guidance against their own circumstances to identify the risk that the ATO will seek to apply the anti-avoidance provisions, as outlined by Stephen Carpenter, Katrina Piva, Josh Cardwell, Matt Ervin and Amanda Maguire.
As detailed by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Tom Beddoe, care needs to be taken with the new provisions in relation to franking credits when there has been or will be a capital raise.
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.
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 tax implications of transactions that involve ACCC approval can be complex and the downside risk for shareholders can be material, as detailed by Stacey Hannam, Mark Taylor, Kate Kneen and Ceithleann Ni Chonluain.
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.
Despite the Budget Papers projecting Tasmanian debt to rise to $8.6 billion in four years' time, together with a record infrastructure spend, the Budget commits to no new or increased taxes.
This national tax webinar, held on Wednesday 28 August, explores the topic of Investment into Australia.
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.
As detailed by Hannah Hesse, Stacey Hannam and Kate Kneen, earn-outs are increasingly being used to bridge the value gap between a buyer and seller who may have different views (and difference confidence levels) on the value of the target.
