Victorian Land Tax Grab

by

Ed.

From www.bantacs.com.au: Victoria has implemented a vacancy tax on residential properties that have been uninhabitable for over six months, with varying tax rates based on the duration of vacancy.

The land tax threshold has also been lowered from $300,000 to $50,000, potentially impacting many property owners, especially those using parts of their homes for business or rental purposes.

Filed under: States - Budgets Stamp Duty Land Tax etc