Property Tax Mastery: Victorian Duty and Land Tax Surcharges
If you’re engaging in property-related activities in Victoria, it’s vital you understand the duty and land tax surcharges that can arise. Don’t miss this session of our Victorian property tax series where you’ll receive practical guidance on the tips and traps to look out for when dealing with duty and land tax surcharges. Brush up on items that are commonly misunderstood by registering now. WEB238V01BZ
Description
Attend and earn 1 CPD unit in Substantive Law
This program is based on VIC legislation
1.00pm to 2.00pm Victorian Duty and Land Tax Surcharges
Receive practical guidance on some of the common tricks and traps to be mindful of when dealing with:
- Victorian land tax and duty surcharges
- "Double duty" that can be triggered by nominations and "sub-sales"
Delve into specific aspects of each topic that are commonly misunderstood or missed, with reference to relevant cases and the SRO’s view.
Presented by Rachel O'Donnell, Principal, O’Donnell Tax Law
Presenters
Rachel O'Donnell
Rachel specialises in GST, and duties, land tax and payroll tax across all Australian States and Territories. She has a broad range and depth of experience in advising on these taxes, including: Stamp duty implications associated with mergers and acquisitions, Corporate group restructures, including corporate reconstruction relief from duty, Duty and land tax surcharges imposed on ‘foreign’ / ‘absentee’ persons, including successful exemption submissions, Landholder duty (and its predecessor, land-rich duty) and ‘trust look-through’ duty, GST advice regarding the characterisation and structuring of mergers, acquisitions, restructures, settlements of commercial disputes, and other transactions, Windfall gains tax (which will apply from 1 July 2023) in Victoria, Aggregation of properties and corporate groups for land tax purposes, and grouping for payroll tax purposes, The land tax treatment of properties held on trust, Land tax exemptions and concessions, such as exemptions for Retirement Village Operators and Aged Care Providers, Other exemptions and concessions including superannuation specific exemptions, exemptions from duty for changes of trustee and in specie distributions of property to beneficiaries / unit holders, primary production and principal place of residence exemptions from land tax, and various exemptions that are available for charitable institutions.