Victoria's 7.5% Short Stay Levy

Victoria’s 7.5% Short Stay Levy

The Victorian Government has recently announced a new tax that will impact those that choose to rent their properties using platforms such as Airbnb and Stayz. This announcement is part of a wider housing strategy to tackle housing supply and affordability issues outlined in Victoria’s Housing Statement ‘The decade ahead|2024-2034'.

Victoria has more than 36,000 short stay accommodation places with almost half of these properties located in regional Victoria. The levy is to be set at 7.5 per cent of the short stay accommodation platform’s revenue and will start from 2025. The money raised from this levy, the first of its kind in Australia, is to be put towards Homes Victoria to support their work of providing social and affordable housing. Regional Victoria has been pledged to receive 25 per cent of the funds raised.

CoggerGurry will continue to monitor this levy and other state government taxes to help you stay abreast of any developments. This new levy will be in conjunction with state land tax which has also recently changed to lower thresholds, meaning more property owners will be caught in the land tax net. For more information about any of the above read our article on 2023-24 Land Tax Rates or view the Victoria’s Housing Statement located at www.vic.gov.au/housing-statement.

< Older Post

Newer Post >

Xero Accounting Software – Changes to Subscription Features

By Cogger Gurry • July 11, 2025

Please note that Xero has recently made changes to their subscription plans with the major change of added Payroll and Superannuation functionality to their Ignite and Grow plans. As we are at the start of a new financial year this may be an appropriate time for you to review your business’s subscription level to ensure you are on the most suited plan for your business needs. If you have any questions, feel free to contact us to discuss your software needs. 03)5571 0111

End-of-year Finalisation Through Single Touch Payroll (STP)

By Cogger Gurry • July 11, 2025

If you have paid wages to employees in the 2025 financial year you will need to make a finalisation declaration by 14 July 2025 to ensure your employees can access their finalised information to complete their tax return. When you have reported and finalised your employees' information through STP, you are exempt from: providing payment summaries to your employees lodging a payment summary annual report. For payments to your employees that were not reported through STP, you still need to: give a payment summary to your employees provide the ATO with a payment summary annual report for these payment summaries. For small employers (19 or fewer employees) who only have closely held payees, the due date for end-of-year STP finalisation is the payee's tax return due date. If you would like to know more, you can visit Here

Business Advisory Services at CoggerGurry

By Cogger Gurry • July 11, 2025

At CoggerGurry, we understand that every business is unique, with its own set of challenges and aspirations. Our Business Advisory services are designed to provide personalised, strategic support that aligns with your goals and helps you move confidently toward long-term success. We offer practical support in: Strategic Planning & Business Structuring – We help you set a clear direction for growth and resilience. Succession & Estate Planning – Guiding you through securing the future of your business and family wealth. Financial Analysis & Forecasting – Making sense of your numbers to inform smarter decisions. Cash Flow Management – Developing strategies to improve your cash position and future planning. Quarterly Business Reviews – Keeping you accountable and on track throughout the year. Now is a great time to take stock and set your business up for the new financial year. Whether you're looking to grow, manage risk, improve profitability, or plan for succession, our advisory services can help you get clarity and take action with confidence. Our approach is collaborative and long-term – we become part of your team. Based in Hamilton, Victoria, we bring regional knowledge, genuine relationships, and deep commercial expertise to help you and your business thrive. To learn more or book a confidential discussion, get in touch with our team. 03)5571 0111