Victorian land tax changes from 1 January 2024
- Published 22.01.2024
The Victorian Government has increased transparency for purchasers of property in Victoria. The State Taxation Acts and Other Acts Amendment Act 2023 (Vic) prohibits vendors of properties in Victoria from passing on land tax obligations to purchasers – a practice that was previously common to most property transactions in the State (and indeed nationally).
Key takeaways for participants in the Victorian property market and their representatives are as follows: