Property Tax Reform

Property Tax Reform

On 11 December 2023, the Victorian Government announced the final design of the Commercial and Industrial Property Tax Reform, including details on how the lump-sum stamp duty system will transition to the reform from 1 July 2024.  Purchasers will have the option to take up the transition loan to as an alternative to making an upfront lump sum payment and transition to an annual repayment from the time of purchase.  Treasury Corporation of Victoria will provide these transition loans.

Treasurer's media release: Abolishing Commercial Stamp Duty To Benefit Business.

Further information on the final design of the reform is provided in the information sheet below.

Commercial and Industrial Property Tax Reform – Information Sheet (PDF 301.6 KB)

Commercial and Industrial Property Tax Reform – Information Sheet (WORD 399.05 KB)

Further information

For further information on the Commercial and Industrial Property Tax Reform, please visit the Department of Treasury and Finance website.