by Riordan & Riordan | Nov 27, 2017 | Property
What is this new Vacancy Tax? – it is a tax on residential properties in the inner and middle suburbs of Melbourne* (Specified Geographic Areas) which are deemed to be vacant. This tax will be in addition to existing Land Tax. What is meant by “Vacant”? – a property...
by Riordan & Riordan | Nov 26, 2017 | Property
If you purchase residential land in Victoria via your discretionary trust, you may be hit with additional stamp duty of 7% of the purchase price by reason of y our trust being regarded as a “ foreign trust ” – most discretionary trust deeds allow the trustee to...
by Riordan & Riordan | Nov 25, 2017 | Property
The Victorian Government recently announced in the 2017/2018 Victorian Budget that it will remove the exemption from stamp duty for the transfer of non – principal place of residence properties between spouses or domestic partners from 1 July 2017. This means...
