Do you know how your super is performing?

Mobbs & Company have a specialised team to assist with all your Self Managed Superannuation Fund needs.

We can assist with all areas of our Superannuation Fund, from setting up your SMSF to preparing your Financial Accounts and Taxation Returns. Our qualified staff are here to assist you; whether it is borrowing through your superannuation or any queries that you may have in between.

You can be assured that we can simplify your affairs and offer you the accurate and professional advice that you need, in a timely manner.

Want to find out more?

Finding it hard to hit your financial targets?

Our business benchmarking service analyses your business' position within the industry and identifies an action plan to increase profitability.

Want to find out more?

Accounting News

Land Tax – Victoria

  Land tax is an annual tax based on the total value of land owned in Victoria, whether you own it individually or jointly.

 

It is payable if the total table value of your land holdings is $250,000 or more on the prior 31st December.

The municipal site value, which appears on your council rate notice, is used as the taxable value of the land.

Exemptions from land tax apply where:-

  • principal place of residence, or
  • the land is used for primary production

A valuation objection or an “incorrect owner” objection must be lodged with the State Revenue Office within two months after the service of the assessment.  Successfully objecting against the council valuation, which is advised on the council rate notice, therefore has extra benefit.

 

AcctWeb