How much stamp duty you pay on commercial property will depend on where the property is and whether you are eligible for concessions. Land Stamp Duty Land Tax is calculated on the purchase price as a percentage. Different rates apply depending on the type of property, the location of th...
whether a post 30 June 2024 transaction that is exempt from stamp duty or subject to a stamp duty concession (e.g. corporate reconstruction concession) will mean the property is brought into the new regime such that the property will become subject to the annual property tax after the sub...
To lodge a trust deed for stamping in Victoria, it must: be executed in Victoria; not contain identified or dutiable property; and be signed and dated by all relevant parties. Under the law, you are required to pay stamp duty on trust deeds established in Victoria, with the exception of ...
changes to the off-the-plan stamp duty concession abolition of stamp duty for some first home buyers changes to the first home owner grant for regional Victoria a new tax on vacant residential property in Melbourne. As theState Taxation...
Vic stamp duty: value of work authority included in dutiable value of transfer of land.(Victoria)(real estate taxes)(Brief Article)Backeberg, AnneMarie
Applicable duty rates: https://www.sro.vic.gov.au/non-principal-place-residence-dutiable-property-current-rates Stamp duty calculator from the State Revenue Office of Victoria (note limitations of calculator): https://www.e-business.sro.vic.gov.au/calculators/land-transfer-duty ...
But it’s been working on abolishing what Mr Barr often calls an “inefficient tax” for much longer than that. The government’s 20-year-tax reform plan began in 2012. By the time it’s done, there will be no duty on property transfers at all. ...
(or potential beneficial interest) in that property. The amendments are designed to overcome the decision in CCM Holdings. The result is that various legitimate commercial transactions involving changes in trustees following changes in unitholdings will have difficulty accessing the duty concession. ...