A trustee of a trust may choose to notify us of the:

  • Unit holders, or a change in the unitholder(s) in a unit trust scheme, or
  • Beneficial interest or a change of the beneficial interest in a fixed trust

If you choose to notify us of the unitholders or beneficiaries of a fixed trust, the land held under the trust will be assessed at the general rate of land tax.

You can notify us of the beneficial interest/unitholdings or the relevant changes by lodging a Notification or Change of Beneficial Interest/Unit Holdings in Land (LTX-Trust-16).

If you are a unit trust and you have already lodged a Nomination of PPR/Subsequent PPR Beneficiary Form (LTX-Trust-17), you cannot also lodge a LTX-Trust-16. This is because the trustee of a unit trust can notify us of its unit holders or nominate a PPR beneficiary, but cannot do both.

Where a notification is/has previously been made, the trustee is required to notify us of any changes to the beneficial interest or unitholdings within one month of the change being effected. Any changes made will take effect from the next land tax year.

However, each unitholder or beneficiary may receive an assessment including their beneficial interest in the land with land they hold in their own right. A trust deduction will be provided for their share of the tax paid under the trust.

Before you can lodge LTX-Trust-16, the trustee of the trust must have also lodged a Notice of Trust Acquisition of an Interest in Land (LTX-Trust-08) and Notice of Acquisition of an Interest in Land (LTX-Form-01).

Please refer to our information on trusts and land tax for further details.

1

Gather required information

You need the following information to complete Notification or Change of Beneficial Interest/Unit Holdings in Land (LTX-Trust-16), but refer to the form for specific instructions:

  • Details of the trust, including ACN/ABN number,
  • The purpose of the notification or change, and
  • Details of the beneficiary or unitholder

 

2

Complete the notification

The notification can be completed:

  • On screen, then printed and signed, or
  • Downloaded, printed, completed and signed

Either way, the form must be signed prior to lodgement with us. If you are completing this notice by hand, please use block letters in blue or black ballpoint pen.

Download the notification

3

Lodge your notification

Email

Email the signed and completed form as an attachment to contact@sro.vic.gov.au.

Mail

Mail the signed and completed form to:

State Revenue Office
GPO Box
1641 MELBOURNE
VIC 3001

or

State Revenue Office
DX 260090
MELBOURNE

Next steps

We will contact you (or your representative) in writing to advise you of the next step once your notice has been processed.