The implications of state taxes on property development should not be under estimated. There is little doubt that the new landholder model (which replaced the land rich provisions) is the recent “big ticket” development. Its effects are likely to be significant and far reaching. However, a number of other state tax developments are not well known and continue to simmer away - including the expansion of the “beneficial interest” provisions in the Duties Act and long term leases. This presentation covers these developments and others in looking at what is making news with state taxation in Victoria.
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