Tag: tax
All the articles with the tag "tax".
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Foreign Buyer Stamp Duty Australia 2026: Surcharges by State from 0% to 9%, FIRB Approval, and Total Purchase Costs
A complete guide to foreign buyer stamp duty surcharges across all eight Australian states for 2026-27: NSW 9%, VIC 8%, QLD 8%, WA 7%, SA 7%, TAS 8%, ACT 0%, NT 0%. Includes FIRB application fees and process, annual land tax surcharges, and worked examples showing total duty payable by foreign buyers at $800,000 in each state.
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HELP/HECS Repayments 2026-27: How the New Marginal System Changes What You Pay
Updated:A clear explanation of Australia's HELP/HECS compulsory repayment system for 2026-27, covering the marginal repayment structure introduced in 2025-26, the new income thresholds, and worked examples showing how much you repay at different salary levels. Sourced from ATO.
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Australian Income Tax Rates 2026-27: 15% Bracket Cut and How Much You'll Actually Keep
Updated:A plain-English breakdown of the Australian resident income tax rates for FY2026-27, including the 16% to 15% tax cut effective 1 July 2026, the 14% cut scheduled for July 2027, and worked examples showing take-home pay at common income levels. Sourced from ATO.
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Medicare Levy and Medicare Levy Surcharge (MLS) 2026: Who Pays What and How to Avoid the Surcharge
Updated:A straightforward guide to Australia's Medicare Levy (2% of taxable income) and the Medicare Levy Surcharge for higher earners without private hospital cover, with 2025-26 MLS income thresholds, tiered rates for singles and families, and the numbers on why basic hospital cover often costs less than the surcharge. Sourced from ATO.
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South Australia Stamp Duty 2026-27: SA Conveyance Duty Rates, First Home Full Relief on New Builds, and Foreign Buyer Surcharge
South Australia stamp duty (conveyance duty) for 2026-27: standard residential rates, first home buyer full relief on new homes and off-the-plan with no price cap from February 2025, foreign buyer surcharge of 7%, and FHOG up to $15,000.
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First Home Buyer Costs Australia 2026: Stamp Duty, FHOG, Deposit, and Upfront Expenses Calculated by State
A complete breakdown of first home buyer upfront costs in Australia for 2026-27: stamp duty with exemptions by state, FHOG amounts and eligibility, deposit requirements including the federal 5% Home Guarantee, conveyancing and inspection fees, and worked examples showing total cash needed at settlement across NSW, VIC, QLD, WA, SA, TAS, ACT, and NT.
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Australian Stamp Duty Compared Across All 8 States 2026: What You Pay on an $800,000 Home in NSW, VIC, QLD, WA, SA, TAS, ACT, and NT
A state-by-state comparison of Australian stamp duty in 2026-27: standard duty payable on an $800,000 home in every state and territory, first home buyer exemptions and concessions, foreign buyer surcharges from 0% to 9%, and which state offers the lowest duty for each buyer type.
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WA Stamp Duty 2026-27: Western Australia Transfer Duty Rates, First Home Buyer Full Exemption up to $500,000, and Foreign Buyer Surcharge
Western Australia transfer duty for 2026-27: standard rates by property value, first home buyer exemption up to $500,000 with phasing to $700,000 in the metro area, regional boost to $750,000, foreign buyer 7% surcharge, and FHOG details.
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NT Stamp Duty 2026-27: Northern Territory Transfer Duty Rates, the $50,000 HomeGrown Territory Grant, and No Foreign Buyer Surcharge
Northern Territory transfer duty for 2026-27: the formula-based calculation for properties up to $525,000, tiered rates above, no foreign buyer surcharge, the HomeGrown Territory Grant of $50,000 replacing the old FHOG, and the FreshStart grant of $30,000 for previous owners building or buying new.
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ACT Stamp Duty 2026-27: Conveyance Duty Rates, the Home Buyer Concession Scheme with No Income Test, and Why There Is No Foreign Buyer Surcharge
Australian Capital Territory conveyance duty for 2026-27: owner-occupier and investor duty scales, the Home Buyer Concession Scheme (HBCS) with the income test removed from 1 July 2026 providing zero duty up to $1,020,000, no foreign buyer surcharge on conveyance, and why the ACT abolished the FHOG in 2019.
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Victoria Stamp Duty 2026-27: VIC Land Transfer Duty Rates, First Home Buyer Exemptions, and Foreign Purchaser Surcharge
Complete guide to Victoria stamp duty (land transfer duty) for 2026-27: standard rates by property value, first home buyer exemption up to $600,000, principal place of residence concession, foreign purchaser additional duty of 8%, FHOG eligibility, and worked examples for Melbourne buyers.
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Tasmania Stamp Duty 2026-27: TAS Property Transfer Duty Rates, First Home Changes as Established Home Relief Expires, and Foreign Investor Surcharge
Tasmania property transfer duty for 2026-27: standard rates, the expiry of the established home 100% duty exemption on 30 June 2026, what first home buyers can claim now, the Foreign Investor Duty Surcharge of 8%, and the $10,000 FHOG for new homes.