Australia: Property Taxes

Victoria's Vacant Residential Land Tax has expanded statewide from 2025, introducing progressive tax rates of up to 3% on properties left unoccupied for more than six months annually. Property owners across Victoria now face strict notification requirements and substantial penalties, with rates escalating based on consecutive years of vacancy.

Foreign purchasers and permanent residents buying property in NSW face significantly increased surcharge duties and land tax obligations following the 2024-25 State Budget changes. With surcharge rates now at 9% for purchaser duty and 5% for land tax, understanding eligibility requirements—including the critical 200-day presence rule—has become essential to avoid costly compliance errors that Revenue NSW actively audits.

When planning your estate, understanding the distinction between a right to reside and a life estate is crucial for ensuring your property is protected while providing accommodation for loved ones. These two legal mechanisms offer different levels of control and responsibility, from simple occupancy rights to broader property usage and income generation. Choosing the right option requires careful consideration of tax implications, maintenance obligations, and how the property will ultimately pass to your be

Economic entitlements duty was introduced to prevent duty avoidance through creative joint venture structures.

On 15 October 2025, the Victorian Government proposed a suite of amendments to existing taxation acts as part of the State Taxation Further Amendment Bill 2025 (the Bill).

"Sub-sales" refers to when stamp duty is triggered on what is economically a single property transaction.

Navigating property taxes can be challenging, but staying informed is key to avoiding penalties and ensuring compliance.

Property purchased in a trust post 28 November 2023 cannot be exempt from VRLT except in its first year of purchase.

The Act introduces temporary changes to the off-the-plan land transfer duty concession.