Victorian Budget 2023

Significant stamp duty reform dominates the Victorian Budget 2023-2024, as discussed by Sarah Shaw, Jenny Lee, Robert Nguyen and Alex Pringle.

The Victorian Budget 2023-24 (Budget) was delivered by the Treasurer Tim Pallas on Tuesday 23 May 2023. The flagship measure in the Budget is a proposed reform to abolish stamp duty on commercial and industrial properties, replacing the regime with an annual property tax, commencing 1 July 2024. Commercial and industrial stamp duty reform The proposal involves the introduction of an annual property tax, commencing 1 July 2024. The property tax rate is stated as a flat 1 percent of the pro...

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Authors: Sarah Shaw, Jenny Lee,

Published Date: 24 May 2023