Victoria to lead charge on stamp duty reform
In Victoria, stamp duty on transactions involving commercial and industrial properties (but not, at least at this stage, rural or residential properties) is set to be replaced by an annual property tax equal to 1% of a property’s unimproved value. A property will become subject to the new regim...
Reminder: objections to land valuations must be lodged by 16 May
On 17 March, new land valuations were issued by the Valuer-General for 24 local government areas across Queensland. The Valuer-General says “significant increases in land values” since the last valuation date justify rises in unimproved land values by as much as 301% in some...
