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Property2018-07-13T13:44:44+10:00

Vacant Residential Land Tax Exemptions and Significant Amendments to Holiday Home Exemption – Do not Buy your New Holiday House in a Family Trust

On the 3rd December 2024, the State Taxation Further Amendment Act 2024 (‘Amending Act’) introduced significant changes to several taxes, foremost of which include the exemptions in the vacant residential land tax (‘VRLT’) (which take effect 1 January 2025) with the addition of companies and [...]

December 17th, 2024|Property, Taxation|

Temporary Changes to Off-the-Plan Duty Concessions

On 19 November 2024, the Duties Amendment (More Homes) Act 2024 (Vic) (' the Act') received Royal Assent. The Act introduces temporary changes to the off-the-plan land transfer duty concession, providing more buyers with the opportunity to access greater stamp duty savings. The Expanded Concession The [...]

December 11th, 2024|Property|

Matching the Settlement Receipts to the CGT Liability: Returning CGT and Remission of Interest Applications in Respect of Delayed Property Developments

In the case of delayed property settlements that are on capital account and subject to Capital Gains Tax, these taxpayers should be aware of taxation consequences for delayed settlements as well as how these issues may be circumvented. The payment of CGT tax may arise well [...]

April 26th, 2024|Property, Taxation|

Tenant entitled to terminate commercial lease after landlord fails to investigate potential structural defects: Brotherhood of St Laurence v Sarina Investments Pty Ltd [2024] VSCA 46

Who should read this article?   Commercial landlords and tenants. The article will also be relevant to commercial property managers who are often the first port-of-call when these issues arise. In a nutshell: what do you need to know? Victoria’s highest Court has found that [...]

April 15th, 2024|Litigation, Property|
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