Aitken

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Call: +61 3 8600 6000 info@aitken.com.au

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Annual State Budget Land and Property Tax Announcements

Property Law: 14 June 2023

The Victorian Government has announced the 2023-24 State Budget, with a focus to boost business growth and to address the $31.5 billion COVID debt within ten years. To achieve this the Government has announced two major changes to Land Tax in Victoria set to add an estimated $50 billion to the Victorian economy and contribute $4.74 billion to repay COVID debt over just four years.

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Commercial v Retail Leases

Property Law: 14 June 2023

The commercial leasing sphere is often a contentious legal area. Striking an equitable balance between the landlord and tenant’s interests is a difficult, if not impossible, exercise. One of the most contentious areas that is readily disputed is the classification of such commercial leases, specifically whether the lease can be classified as ‘retail’ or ‘commercial’.

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Land Tax Exemption - Primary Production Land

Property Law: 03 February 2023

The State Revenue Office issued two new Land Tax Revenue Rulings on 22 December 2022 concerning the exemptions from land tax available for primary production land (LTA- 010) and primary production land within an urban zone (LTA- 011).

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Vale Queen Elizabeth II

Wills and Estates: 09 September 2022

Vale Queen Elizabeth II. There are important lessons that can be recognised in how Queen Elizabeth II's legacy will pass to the next generation.

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