THE VICTORIAN STATE BUDGET

The Victorian State Budget for the 2017/2018 financial year has been released.

Of particular interest to our clients is the increase in the payroll tax free threshold from $575,000 to $650,000 effective 1 July 2018.

There have also been announced a number of changes to property taxes starting 1 July 2017 including the abolishment of stamp duty for first home buyers up to a house value of $600,000 and cuts to stamp duty for first home house values up to $750,000.

For further information regarding the Victorian State Budget see the below link to the State Government website

https://www.budget.vic.gov.au/

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.