|Year||Number of transactions||Revenue ($ million)|
From 1 January 2016, a 0.5 per cent absentee owner surcharge applies to Victorian land owned by an absentee owner. The absentee owner surcharge is an additional amount payable over the general and trust surcharge rates of land tax.
The Treasurer has published guidelines in the Government Gazette, outlining the basis on which exemption decisions are to be made.
|Period||Number of exemptions||Value of exemptions|
|29 June 2015 - 30 November 2015||0||0|
|1 December 2015 - 31 May 2016||79||$11,934,681.88|
|1 June 2016 - 31 December 2016||63||$10,748,512.71|