From sladen.com.au: The Victorian Civil and Administrative Tribunal ruled in the case of Caloutas Family Trust v Commissioner of State Revenue that a son and parents held properties on bare or fixed trusts for the trustees of the Family Trust, affecting land tax liability.

This decision clarified that for land tax purposes, each custodial relationship should be treated as a separate trust, allowing for potential progressive tax rates on multiple landholdings.

The ruling highlights the importance of proper notification of beneficial interests to avoid double taxation and ensures that the assessment process aligns with the Land Tax Act’s provisions.