The Victorian Government has announced that it plans to abolish transfer duty on sales of commercial and industrial properties. The proposed measures will not apply to residential premises. We have summarised the proposal and...more
With effect from 1 January 2018, owners of residential properties in certain Melbourne suburbs, which have been unoccupied for more than six months in a calendar year, will be liable to pay the Victorian Government's new...more
Following our alert on 24 March 2017, the State Taxation Acts Amendment Bill 2017 (Vic) (Bill) has now been released and is currently before the Victorian Parliament.
K&L Gates has been following the proposed changes to...more
The Victorian Government has announced a number of significant housing related duty and tax initiatives to be introduced later this year, including:
- changes to the off-the-plan stamp duty concession
- abolition of...more