Have your say on draft Revenue Ruling TAA-008v2
Draft TAA-008v2 will replace TAA-008.
Published on 13 November 2025
It explains the operation of the land tax trust notification requirements amended by the State Taxation Acts Amendment Act 2025 and the notification obligations under sections 33 and 34 of the Commercial and Industrial Property Tax Reform Act 2024 (CIPT Act).
The amended notification requirements apply to trustees acquiring or disposing of trust land on or after 1 January 2026, while the notification obligations under the CIPT Act commenced on 1 July 2024.
TAA-008 refers to TAA-007v5, which is currently under review together with PTA-036v5 to incorporate guidelines on the new 50% penalty for reckless behaviour introduced by the State Taxation Acts Amendment Act 2025.
The draft revised penalty and interest rulings will be issued for public consultation in early 2026.
How to provide feedback
Please send your feedback on draft TAA-008v2 by email to consultation@sro.vic.gov.au by 5 pm, Thursday 11 December 2025.
