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Rulings
On 8 August 2024, the Court of Appeal handed down its decision in Oliver Hume Property Funds (Broad Gully Rd) Diamond Creek Pty Ltd v Commissioner of State Revenue [2024] VSCA 175. The Court unanimously upheld the decision of the Victorian Civil and Administrative Tribunal (VCAT), finding that the acquisitions made in the applicant landholder pursuant to a conditional capital raising were subject to duty as an associated transaction notwithstanding that the acquirers were not acquainted with each other.
General
We’re expanding our series of statewide property tax education sessions, with new seminars scheduled in the Mornington Peninsula (Tuesday 29 October) and Melbourne (Wednesday 30 October).
General
You are invited to join us at our property taxes education roadshow throughout Victoria this September and October.
Rulings
You are invited to provide feedback on draft Revenue Ruling LTA-006v2 – Land being prepared for primary production.
Rulings
We have published draft Revenue Ruling DA-068, which provides guidance on the abolition of duty on business insurance.
General

The start of a new financial year means updates to some fees, thresholds, levies and rates. Here is a summary of the Victorian taxation changes taking effect on 1 July 2024. Our website is being updated to reflect the changes. 

General

We have published guidance on navigating payroll tax for those in the medical industry. 

General

In November 2020, the Victorian Government announced eligible employers were entitled to a waiver of their 2020–21 and 2021–22 payroll tax after applying the New Jobs payroll tax credit against their liability for each of the financial years. 

Legislation

The State Taxation Amendment Act 2024 received Royal Assent on 4 June 2024.

The Act introduced measures announced in the 2024–25 Victorian Budget and makes amendments to various state taxation acts.

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