LEGAL ALERT: New Commercial and Industrial Property Tax Regime
Are you ready to navigate the biggest changes to Property tax in Victoria from 1 July 2024? If you or your clients are looking to acquire commercial or industrial properties or are planning restructures within existing corporate or family groups, you must consider the interaction of the new regime with existing taxes. Don’t run the risk of being caught out! This is your one stop shop to gain clarity, have your burning questions answered and get compliant. WEB247V02
Description
Attend and earn 1 CPD unit in Substantive Law
This program is based on VIC legislation
1.00pm to 2.00pm New Commercial and Industry Property Tax Regime
From 1 July 2024, the New Commercial and Industry Property Tax Regime will progressively abolish land transfer duty (i.e. stamp duty) on commercial and industrial property. Ensure compliance and unlock property potential as you benefit from a detailed discussion considering:
- How will the new commercial and industrial property tax regime work?
- What types of transactions trigger the transition to the regime?
- What types of properties are affected?
- What are the differences between the previous announcement and the bill?
- When is the commercial and industrial property tax payable?
- What action is required?
Presented by Nicholas Clifton, Principal Lawyer, Sladen Legal
Presenters
Nicholas Clifton
Nicholas Clifton is a Principal Lawyer in the State Taxes Team at Sladen Legal. He has 24 years of experience across all Australian jurisdictions working for top-tier law and accounting firms. Nicholas provides commercial, client focused advice on all State Tax including advising ASX-listed firms, multi-nationals, private equity, property developers and high net worth family offices. Nicholas helps clients with their stamp duty, land tax, windfall gains tax, payroll tax and other State tax issues. He can assist clients in managing their stamp duty lodgements, investigations, objections and reviews. He provides structuring advice to help clients navigate the complex and changing State tax landscape. Nicholas is focused on delivering value for clients and is committed to providing clear and understandable advice.