Viewpoint | Intelligent Investment

Implications of tax reform on Victoria's property market

April 29, 2024 7 Minute Read

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A number of new taxes have been introduced in Victoria which will have implications for the property sector. Many of the changes to the taxation system that directly impact the property market will be implemented through changes to land tax. Base land tax rates have increased post-COVID with the absentee owner surcharge, COVID debt repayment plan and the proposed Commercial Industrial Property Tax (CIPT) increasing rates further.