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VICTORIA BUDGET

  • Writer: Chaluka Jayawardena
    Chaluka Jayawardena
  • Nov 25, 2020
  • 1 min read

Updated: Nov 25, 2020

Great news for property investors in Victoria..

Land transfer (stamp) duty

  1. Bringing forward the 50% land transfer (stamp) duty concession for commercial and industrial properties in regional Victoria — applies to contracts entered into on or after 1 January 2021.

  2. A land transfer (stamp) duty waiver of up to 50% on purchases of residential property in Victoria with a dutiable value of up to $1 million — applies to contracts entered into on or after 25 November 2020 and before 1 July 2021.

See details in links below




 
 
 

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Disclaimer: Original content source: Pepper Money. It is designed for publication through Accredited Brokers, to provide you with factual information only, and it is not intended to imply any recommendation about any financial product(s) or to constitute tax advice. If you need financial or tax advice you should consult a licensed financial or tax adviser. The information in the article is believed to be reliable at the time of distribution, but neither Pepper nor its accredited brokers warrant its completeness or accuracy. For information about whether a loan may be suitable for you, call us on 0413227019.

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