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Our customer service centre is closing over the Christmas-New Year period. 
Legislation
The State Taxation Further Amendment Act 2024 received Royal Assent on Tuesday 3 December 2024.
General
At the request of industry, the Commissioner has extended the voluntary disclosure program and penalty tax amnesty to include requests for private rulings on capital raisings in landholders.
SRO updates
The State Revenue Office 2023–24 Annual Review is now available.
Legislation
From 1 January 2025, the short stay levy will apply to short stays in Victorian properties where a fee is charged, after the Short Stay Levy Act 2024 received Royal Assent on 29 October 2024.
On 21 October 2024, the Victorian Government announced a new temporary off-the-plan land transfer (stamp) duty concession.
Rulings
Following consultation, we have published new ruling DA-068.
Rulings
We have published revised ruling LTA-006v2, which provides guidance on what constitutes the preparation of land for the purposes of primary production land tax exemption.
Rulings
On 8 August 2024, the Court of Appeal handed down its decision in Oliver Hume Property Funds (Broad Gully Rd) Diamond Creek Pty Ltd v Commissioner of State Revenue [2024] VSCA 175. The Court unanimously upheld the decision of the Victorian Civil and Administrative Tribunal (VCAT), finding that the acquisitions made in the applicant landholder pursuant to a conditional capital raising were subject to duty as an associated transaction notwithstanding that the acquirers were not acquainted with each other.
General
We’re expanding our series of statewide property tax education sessions, with new seminars scheduled in the Mornington Peninsula (Tuesday 29 October) and Melbourne (Wednesday 30 October).
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