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State land taxes in Australia are complex and multi-layered. Likewise, taxes and stamp duties relating to M&A can be a surprise if not properly dealt with early. There is not just one way to manage either and many businesses and leaders come unstuck with significant costs if the transaction is not structured appropriately. They can also be unavoidable transaction costs for your transactions and beyond and as such, if they are payable, it is important to model them based on the best available information known as the transaction develops.
The tax profile of your transaction will vary from case to case, and it is dependent on a number of factors: the most basic of which are the asset type, who is acquiring, and the state or territory in which your asset lies.
Grant Thornton takes a national approach to your state land tax and stamp duty tax obligations, and help businesses and personal investors to structure investments and develop asset profiles in the most tax-efficient way. We take a whole-of-life view of your investment strategy, and build a streamlined plan that accounts for tax costs to your business or investment, while avoiding unnecessary double (or more) payments.
In addition, state taxes evolve and change frequently. We foresee the biggest potential change facing taxpayers in 2022 is the broadening of the type of assets that are subject to stamp duty and the introduction of new property taxes such as the windfall gains tax in Victoria. Our team is on the front foot in advising clients as the tax is designed and implemented. You can see our real-time commentary on our website and through our timely thought leadership, webinars and other events.
Our team works with clients from a range of industries on their property and investment portfolios, and provides advice on:
We help our clients by providing the right advice, in a clear manner, and give honest feedback about whether your prospects can obtain a better outcome. We work with clients – ideally at the outset of an acquisition, restructure or other mergers and acquisitions transaction – to develop a plan that takes the most tax-efficient path. We will be with you every step of the way, from design, through to documentation, completion, and ultimately out your best case forward to revenue offices with a view to obtaining your desired outcome.
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In the meantime, if you have any questions, please don't hesitate to contact us via communications@au.gt.com.
We have deep, technical knowledge and practical experience to help you manage and minimise the impact of GST and indirect tax, like stamp duty.
We analyse high-volume and unstructured data from multiple sources from our clients to give them actionable insights for complex business problems.
We help clients, globally, to navigate GST in Australia and indirect tax to minimise the impact on their business.
Tax Agents Disclosures
The Tax Practitioners Board maintains a register of tax agents and BAS agents. You can access and search this register here.
Your engagement letter with Grant Thornton and the Standard Terms and Conditions set out our procedures for dealing with problems or complaints. The Tax Practitioners Board also has a complaints process in relation to tax agent services as outlined on their website which can be accessed here.
Section 45 of the Tax Agent Services (Code of Professional Conduct) requires Grant Thornton to notify you if it becomes aware of any matter which could significantly influence your decision to engage us or to continue to engage us in relation to the provision of tax agent services. Grant Thornton is not aware of any such matters.
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