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It is longstanding conveyancing practice for the vendor's land tax liability to be included in the usual settlement adjustments between a vendor and purchaser. This practice will be banned for most sales of land in Victoria from 1 January 2024 under the State Taxation and Other Acts Amendment Act 2023 (Vic) (Act).
It is longstanding conveyancing practice for the vendor’s land tax liability to be included in the usual settlement adjustments between a vendor and purchaser. This practice will be banned for most sales of land in Victoria from 1 January 2024 under the State Taxation and Other Acts Amendment Act 2023 (Vic) (Act).
It is longstanding conveyancing practice for the vendor’s land tax liability to be included in the usual settlement adjustments between a vendor and purchaser. This practice will be banned for most sales of land in Victoria from 1 January 2024 under the State Taxation and Other Acts Amendment Act 2023 (Vic) (Act).
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