Unannounced Victorian Duty amendment makes drastic changes to the ‘economic entitlement’ provisions – affecting development agreements with owners

Tax Month - May 2019

There is an aspect of the State Taxation Acts Amendment Bill 2019 that was not mentioned in the Victorian budget, and which is causing consternation in development circles, relating to an entire new Part, dealing with ‘economic entitlements’, which goes further than the pretext justified (namely: reversing the effect of the 2016 Victorian Supreme Court…

Victorian Taxation Budget Measures – more Duty, more Land Tax, less Payroll Tax & some valuations higher

Tax Month - May 2019

The State Taxation Acts Amendment Bill 2019, passed the Legislative Assembly (Lower House) on 29 May 2019 and was introduced and read a first time in the Legislative Council (Upper House). The Bill contains the various measures announced by the Andrews Labor Government, in Victoria, earlier that week. See also a related Tax Technical article…