As part of the 2015-16 State Budget, the Victorian Government introduced additional duty for foreign purchasers and an absentee owner land tax surcharge.
From 1 June 2015 our front counter service is changing to focus specifically on customer enquiries relating to duties (land transfer duty, stamp duty).
The new metropolitan planning levy (MPL) announced in the 2014-15 State Budget will commence soon.
We are aware of a scam email claiming to be from the "Office of State Revenue" and demanding payment of a fake reassessment notice.
Owners of Victorian property will receive their 2015 land tax assessments by the end of March.
The Commissioner of State Revenue is currently examining a number of judicial decisions regarding fixtures and the implications for the Duties Act 2000 (the Act).
These cases include:
The High Court has unanimously found in favour of the Commissioner in his appeal against a Court of Appeal decision on what he is entitled to include as consideration for the purposes of the Duties Act 2000.
The Victorian Government is amending the Fire Services Property Levy Act 2012, with key changes to the land use classifications of residential investment properties, golf courses and other outdoor sporting grounds.
Land located in greater Melbourne and in an urban zone may qualify for the primary production land tax exemption, subject to meeting certain requirements.
At the annual Oracle Open World conference in San Francisco last month Commissioner Paul Broderick and Chief Information Officer Paul Dulfer accepted an innovation award on behalf of the SRO.
