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and your business.
Read more to see how we build a collaborative, ongoing relationship with you
in order to truly understand your unique needs and goals.
Read more to see how we build a collaborative, ongoing relationship with you
in order to truly understand your unique needs and goals.
Ashfords' team are experts in providing your business with the support it needs to be successful. No matter if you operate as a sole proprietor, partnership or company, we are well-equipped to provide expert advice and services, giving you peace of mind beyond the numbers.
Ashfords' specialist advice can elevate your business to it's full potential.
Read the most relevant news and blog posts from Ashfords Business Services.
What’s this new tax:
On 20 March 2024, the Victorian State Government introduced the Commercial
and Industrial Property Tax Reform Bill 2024 (legislation.vic.gov.au).
The Bill is expected to become law and to take effect from 1 July 2024.
The Victorian Government, as announced in the 2023-24 Budget, is progressively abolishing stamp duty on commercial and industrial
property and replacing it with an annual tax.
The annual tax, to be known as the Commercial and Industrial Property Tax (CIPT), will be set at 1% of the
property’s unimproved land value.
The tax will replace land transfer duty (stamp duty) that is currently payable on the improved value of the land when you purchase or
acquire a commercial or industrial property in Victoria.
The new tax system will start to apply to commercial and industrial property if the property is transacted on or after 1 July 2024.
Last week, Ashfords hosted the latest Building Business Value seminar. Maximising Business Value: Break Through the Barriers brought together a diverse panel of experts, featuring specialists from talent, marketing and finance to help businesses identify and overcome common barriers to enhance their business value.
A conversation at a community event kicked off productive philanthropic relationship between Ashfords and Down’s Community Farm. Twelve months on, we reflect on some of the key outcomes, including a successful grant submission that secured $200,000 in funding.
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