Covid Land Tax Victoria. Victoria Covid exposure sites Melbourne and regional Vic coronavirus hotspots and trend in View our land tax frequently asked questions COVID Debt Repayment Plan From 2024 as part of the Victorian Government's COVID Debt Repayment Plan. the threshold for Victoria's land tax — which does not apply to the family home — will be.
Victorian state taxes significant changes to vacant residential land tax Grant Thornton from www.grantthornton.com.au
Big businesses and landlords will be slugged with new and higher taxes for the next decade to pay back the billions Victoria borrowed during the COVID-19 This included the following temporary changes to land tax and payroll tax, which are legislated to apply until 30 June 2033:
Victorian state taxes significant changes to vacant residential land tax Grant Thornton
In 2023, the Victorian Government also introduced a COVID Debt Repayment Plan which resulted in a number of temporary changes to land tax New land tax calculation formulas so that the fixed COVID-19 temporary land tax surcharge is imposed once rather than multiple times for certain taxpayers assessed on a concessional single holding basis. A temporary payroll tax surcharge will apply on wages paid in Victoria by businesses with national payrolls over $10 million a year.
Coronavirus Victoria Melbourne, Mitchell Shire COVID19 lockdown suburbs' boundary line. A new COVID-19 debt temporary land tax surcharge will apply in addition to existing land tax from the 2024 land tax year for ten years. Land tax is a recurring tax paid annually by landowners
No.81 Victoria State Budget 20212022 Blaze Acumen. The Victorian Labor government's COVID debt levy - introduced as part of the 2023-24 budget - will see up to 380,000 Victorians pay land tax for the first time this year, with the changes to. For more on the BTR land tax concession, refer to our previous BTR land concession update