Property developers should be aware of upcoming changes to Victorian state taxes
During the 2023 calendar year, the Victorian Parliament passed some significant changes to various state taxes, including land tax, stamp duty and the Windfall Gains Tax.
The key detail to note is that not all of these changes have the same starting dates, so we will consider the changes in order, on a timeline basis.
Changes starting when legislation was passed on 27 June 2023
Changes starting 1 January 2024
Changes starting 1 January 2025
Changes starting 1 January 2026
Please do not hesitate to contact your Lowe Lippmann Relationship Partner if you wish to discuss any of these matters further.
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