Are there tax advantages incorporating my company in Victoria?
I've heard that there are some tax advantages to be had to incorporate your company in Victoria. Can any accountants here explain what these might be? Still a young company and might even be worth it to restructure.
Many thanks in advance,
Michael Fox ,
DIRECTOR at KMT PARTNERS
all to do with stamp duty on business sales and where your business is operated and controlled; you need to take specific advice on your current business location or controll issues in preparation for any sale of the business or assets. Victoria is a "tax preferred zone" = less stamp duty likely to apply.