Victoria has a wide range of significant State tax changes commencing 1 January 2024 which impact numerous individuals, businesses, and landowners. Many were introduced under the State Taxation Acts and Other Acts Amendment Act 2023 which received Royal Assent on 12 December 2023.

Further to our previous update, we are using the advent of the new year to examine 20 of the key changes, the impacted taxpayer groups and the action required. Several changes to the vacant residential land tax (VRLT) that apply from 1 July 2025 and 1 July 2026 have also been included in this summary to assist with forward planning this year.

Changes from 1 January 2024

Changes from 2025 and 2026 to VRLT

Please contact us with any questions with respect to these and other State Tax issues.

Phil Broderick
Principal
T +61 3 9611 0163 l M +61 419 512 801
E pbroderick@sladen.com.au

Nicholas Clifton
Principal Lawyer
T +61 3 9611 0154 | M +61 401 150 955
E nclifton@sladen.com.au

Meera Pillai
Associate
T +61 3 9611 0179
E mpillai@sladen.com.au