When the Federal Government introduced the Goods and Services Tax (GST) in 2000, it came with a promise: the new consumption tax would replace a raft of inefficient state taxes, creating a more streamlined taxation system across Australia. The GST was meant to provide states with a stable revenue source while allowing them to eliminate...
Based on research from the State Revenue Office, Department of Treasury and Finance, and other government sources, here is the complete list of 33 taxes, levies, and duties in Victoria, categorised by type: Property Taxes and Duties Land tax Vacant residential land tax Land transfer (stamp) duty – non-principal place of residence Land transfer (stamp)...
Changing names on a property title is more common than you might think—and for various reasons. Whether correcting a spelling error, reflecting a relationship change, or updating trustee details, it’s important to understand the legal and tax implications involved. In Victoria, this process typically involves the Land Titles Office (LTO) for registration and the State...
I just finished watching the 2024 Danish documentary series Den sorte svane. I then had this conversation with Google Gemini and a follow up to Australia’s own eveloving AMF / CTF legislation. Refer my earlier post The Danish documentary series “The Black Swan – Den sorte svane” from 2024 has undeniably sent shockwaves through Denmark,...
If you’re planning to sell your residential property in 2025 or beyond, there’s an important new tax requirement you need to be aware of. As of 1 January 2025, the Australian Taxation Office (ATO) has made it compulsory for all property vendors—regardless of sale price—to provide a clearance certificate to avoid automatic tax withholding at...
Introduction: A New Era of Property Settlement Buying or selling a home is a big moment, and in Australia, the way these property settlements happen has transformed in the past decade. Today, most property transactions are completed online through a platform called PEXA (Property Exchange Australia). In fact, PEXA handles nearly all electronic property...
Victoria’s rental market has seen a dramatic shake‑up. In 2024 the state recorded its sharpest fall in rental supply on record – roughly 21,000–25,000 fewer rental homes on the market. Industry sources say this ‘landlord exodus’ is linked to recent policy changes. Over 130 tenancy law reforms since 2019 have added new landlord obligations, while...
The Land Titles Office Victoria is transitioning to the digital age. As of August 2024, the LTO will not issue any further paper duplicate titles. Homage to the Past It’s a small reminder of how the Colony of Victoria by the legislative Real Property Act of 1862 transitioned to the Torrens system of title by...
