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WILL YOUR LAND OWNING DISCRETIONARY TRUST BE SUBJECT TO THE RECENT STAMP DUTY & LAND TAX SURCHARGE?

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...

FROM1 JULY 2017 STAMP DUTY WILL BE PAYABLE ON TRANSFERS OF NON-PRINCIPAL PLACE OF RESIDENCE PROPERTIES BETWEEN SPOUSES AND DOMESTIC PARTNERS

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...
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