Victoria’s Commercial and Industrial Property Tax: What You Need to Know
It is likely other States and Territories will be carefully watching Victoria as its new Commercial and Industrial Property Tax (CIPT) comes into effect from 1 July 2024, taking a step towards abolishing stamp duty on land in the state. Depending on the outcome of the CIPT implementation and the resolution of any teething issues, […]
Understanding Statutory Land Valuations in Australia: A State-by-State Breakdown
Rates, land taxes, and other taxes and levies charged on properties in the six states and two territories around Australia are, almost without exception, calculated in proportion to some version of the value placed on each property by the Valuer-General in the relevant jurisdiction. Without exception, these values are assessed in accordance with a state […]
Impact of proposed PPS reforms on real estate financing: What you need to know
The key collateral on a real estate financing deal is, of course, the relevant real property. However, financiers also typically require a general security deed covering all the personal property of the relevant security provider. It is common for such transactions to include share/unit specific security deeds as well. Any such security interest must be […]
