Victoria’s budget includes new taxes and concessions

The Victorian Government has announced tax increases of $700 million in its 2019 budget.

The Victorian Government has announced tax increases of $700 million over four years in its 2019 budget, which was released on Monday.The proposed measures seek to address the headline $5.2 billion reduction in stamp duty, as a result of the slump in the real estate market. Little mention was made of the significant increase in forecast land tax collections which flow from overall gains in value, unaffected by the fall in market volumes, and which partially offset the stamp duty loss. The key...

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Authors: Michelle Bennett, Tessa Livingston,

Published Date: 28 May 2019