Landholder Duty Reforms
Published on 21 Jun 2012
| Took place at Leonda by the Yarra, Hawthorn, VIC
From 1 July 2012, Victoria will replace its "land rich" duty regime with a "landholder" duty model. The Bill introducing the new regime makes some significant changes, such as the removal of the "land rich ratio" and the introduction of some new concepts that are unique to Victoria.
As a result, advisers will need to pay close attention to the particular features of the Victorian model or else their clients may find themselves unexpectedly within the new rules.
This event worked through the new Bill, providing practical examples to illustrate how the new rules may operate.