Industry rails against VIC stamp duty, land tax hikes
Victoria’s state government is facing harsh criticism for lobbing significant tax hikes at property owners, with a new tax on investment and development to be introduced alongside stamp duty and land tax increases.
Victoria's new taxes will affect both commercial and residential property transactions. Photo: Shutterstock (Image source: Shutterstock.com)
Victoria’s state government is facing harsh criticism for lobbing significant tax hikes at property owners, with a new tax on investment and development to be introduced alongside stamp duty and land tax increases.
The Andrews Labor government announced a range of measures over the weekend as part of its 2021-22 state budget, saying the initiatives were designed to help first home buyers enter the market and find a balance between those wanting …
