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Article Rental properties and holiday homes: ATO’s new draft ruling On 12 November 2025, the Australian Taxation Office (ATO) released Draft Taxation Ruling TR 2025/D1 which seeks to clarify the assessable income of a rental property, provide stricter deduction eligibility for holiday homes, and clear up expense apportionment rules.    The ruling, titled Income tax: rental property income and deductions for individuals who are not in business (‘the ruling’), along with two practical guidance guides, replaces the longstanding IT […] 19/12/2025
Article Unimproved land subject to Vacant Residential Land Tax from 1 January 2026 Effective 1 January 2026, Vacant Residential Land Tax (VRLT) will apply to unimproved land in metropolitan Melbourne that has remained undeveloped for five consecutive years or more (as of 31 December of the preceding year).   The Victorian Government has released Treasurer’s guidelines outlining limited circumstances where the Commissioner may exercise discretion to exempt landowners from VRLT if construction has not commenced due to acceptable reasons.  What is VRLT and how has it […] 16/12/2025
Article ATO Draft Determination TD 2025/D3: New guidance on when ancillary funds ‘provide a benefit’  On 12 November 2025, the ATO released draft Taxation Determination TD 2025/D3, offering the first detailed guidance on when ancillary funds are considered to ‘provide a benefit’.  The draft provides the first comprehensive guidance on when private and public ancillary funds ‘provide a benefit’ under the Taxation Administration (Private Ancillary Fund) Guidelines 2019 and the Taxation Administration (Public Ancillary Fund) Guidelines 2022 (collectively, the Guidelines).  […] 15/12/2025
Article ATO and income splitting – this time its personal The Australian Taxation Office (ATO) has issued Practical Compliance Guideline PCG 2025/5, a reminder that taxpayers are at risk of audit if personal services income is split to reduce tax.  The ATO has indicated that even if your business satisfies the statutory Personal Services Income (PSI) rules and operates as a Personal Services Business (PSB), your overall tax position may still be classified as either […] 12/12/2025
Article Watt a relief! Capital gains relief for foreign investors in energy sector The Federal Court of Australia has handed down its decision in YTL Power Investments Limited v Commissioner of Taxation [2025] FCA 1317, ruling in favour of YTL Power (the Taxpayer) and holding that the infrastructure assets did not constitute real property.  The Taxpayer was successful in arguing that the leased electricity infrastructure situated on owned and leased land did not constitute “real property situated in Australia (including a lease of land)” and accordingly the shares disposed were not “taxable […] 03/12/2025
Article Build-to-rent developments: ATO draft updates to GSTR 2012/6 On 5 November 2025, the ATO issued a new draft taxation ruling GSTR 2012/6DC (‘the ruling’) expanding on existing principles provided in GSTR 2012/6 – Goods and services tax: commercial residential premises.   The draft ruling provides further clarity on how existing principles apply to build-to-rent (‘BTR’) developments, determining the status of occupants, and the characteristics […] 20/11/2025
Article SW International Partners Conference (SWIPC) 2025 SW International held SWIPC 2025 from 18–20 November in Sydney, Australia, bringing together more than 150 Partners from across the network for three days of collaboration, strategic discussion, and cross-regional engagement. The conference also celebrated two major milestones: the 10-year anniversary of SW Australia as a member of SW International and the 20-year anniversary of […] 18/11/2025
Events 2025 SWIPC | Additional information 13/11/2025
Firm news Media release | SW wins Outstanding Integrated Marketing Campaign at the 2025 AGRIAs SW Accountants & Advisors (SW) has been recognised with the Outstanding Integrated Marketing Campaign (Graduate Intake Under 50) award at the 2025 Australian Association of Graduate Employers (AAGE) Graduate Recruitment Industry Awards (AGRIAs) for its graduate campaign, Discover Endless Possibilities.  Duane Rogers, CEO of SW, said: “Launching ‘Discover Endless Possibilities’ demonstrated our focus on creating […] 12/11/2025
Article Victoria’s State Taxation Further Amendment Bill 2025: What you need to know On 14 October 2025, the Victorian Government introduced the State Taxation Further Amendment Bill 2025 (the Bill) which is a wide-ranging legislative package that amends several key Acts affecting property, land tax, congestion levies, building permits, and more. Key legislative changes Commercial and Industrial Property Tax Reform Act 2024 The Bill makes targeted amendments to the Commercial and […] 05/11/2025
Firm news Media release | SW Accountants & Advisors welcomes Andrew Jones as Consulting Director, Sydney Corporate Finance SW Accountants & Advisors is delighted to announce the appointment of Andrew Jones as Consulting Director in our Corporate Finance team in Sydney. Andrew brings over thirty years’ experience advising clients on M&A and capital raising deals, having worked with ASX-listed companies, multinationals, private businesses, private equity funds, and other financial investors. Duane Rogers, CEO […] 31/10/2025
Article Payday Super: Implications for employers & payroll operations New Payday Super legislation will mean employers now have about eight months to prepare their systems and processes. The requirements are expected to intensify Australian Taxation Office (ATO) scrutiny and increase administrative workloads for payroll.  After months of anticipation, on 9 October 2025, the Australian Treasury introduced legislation to Parliament to implement the Government’s Payday […] 29/10/2025
Article Private groups – ATO identifies key focus areas for FY25 & FY26 On 22 September the Australian Tax Office (ATO) published the key compliance focus areas it will be targeting when reviewing privately owned and wealthy groups for the 2025 and 2026 financial years. The ATO has signalled increased scrutiny across governance, trusts, CGT concessions, and more. The ATO’s aim, in publicising its programs and focus areas, […] 23/10/2025
Article Superannuation changes to Division 296 tax Treasurer Jim Chalmers has significantly watered down the government’s proposed $3m superannuation tax amid criticism from tax experts and investors. The government has confirmed several important changes to the Division 296 proposed superannuation tax reforms. The updated measures aim to improve fairness while reducing the administrative burden and unintended impacts of the original proposal. We’ve […] 16/10/2025
Events 2025 Australia National Conference – CCCA Energy & Resources Committee  Date: 9–11 November 2025 Location: Crowne Plaza Hobart, Tasmania  SW will be co-hosting the 2025 Australia National Conference of the CCCA Energy & Resources Committee, alongside the CCCA Melbourne Branch. The event will bring together leaders across government, industry, and academia to discuss developments in the energy and resources sectors, with a focus on sustainability, innovation, […] 14/10/2025
Article ASIC publishes new report on private credit in Australia On 22 September 2025, ASIC published a new report that details a high-level review on the private credit market in Australia.  The purpose of the report is for ASIC to give insights on what good operating practices look like and to share some improvements for some operators to adopt. It also highlights emerging risks and […] 10/10/2025