Kostkas Notice Board

Keep up to date on all things TAX and Business!

Our Notice Board is designed to alert you to a wide range of current tax and business issues that may affect you. It does not constitute advice. You should contact Kostkas for written advice specific to your circumstances. Minor differences in facts can result in significantly different outcomes.
June 24, 2018

Are you or do you intend to employ backpackers?

To be able to work as an employee in Australia, backpackers must hold either a 417 or 462 Visa. As of 1 January 2017,
June 24, 2018

If you are holding vacant land and currently claiming the holding costs as a tax deduction, then this is important for you.

The release of the 2018/19 Federal Budget saw many new measures proposed by the Government.
June 24, 2018

Purchasing Real Estate; Lease; Mining or Prospecting Rights directly or indirectly?

Purchasing Real Estate; Lease; Mining or Prospecting Rights directly or indirectly? Is the Market Value $750,000 or more? Is there any chance the Seller or one of the Sellers is a Non Resident of Australia for Tax Purposes? Australian Citizenship does not equate to Residency for Tax Purposes and neither does living in Australia. 
May 28, 2018

Buying, selling or entering into a long term lease of NEW residential property or land?

Buying, selling or entering into a long term lease of NEW residential property or land ? New does not mean New. It’s now the Buyer who must collect the GST and pay to the ATO.