Opinion
What Victoria’s new commercial property tax means for investors
Victoria is abolishing stamp duty for commercial and industrial properties and replace it with an annual property tax. Now, here’s the fine print.
Matthew CridlandContributorThe Victorian government aims to remove transfer duty and landholder duty from transactions involving commercial and industrial property. The revenue will be replaced by an annual “Commercial and Industrial Property Tax” (CIPT).
The reforms are expected to become law in early May before starting on July 1 this year.
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