Property - Further Changes To Stamp Duty

Conveyancing
Written By Harwood Andrews

The Victorian Government has announced further changes to stamp duty in Victoria under the 2017-2018 State Budget. 

In addition to the changes already noted in our earlier update, here, the stamp duty exemption for transfers between spouses or domestic partners will no longer apply from 1 July 2017 for any property other than a principal place of residence or as a result of a relationship breakdown.

The changes remain subject to the passing of enabling legislation by the Victorian Government.

If you were planning for a transfer to your spouse or domestic partner you will only have until 30 June 2017 to complete this transfer and take advantage of the exemption.

Please contact us if you would like to arrange such a transfer before 30 June 2017.

Emma Buchanan
Senior Associate
E ebuchanan@ha.legal
T 03 5226 8595

Deborah Mann
Special Counsel
E dmann@ha.legal
T 03 5226 8551

Stuart Monotti
Special Counsel
E smonotti@ha.legal
T 03 5226 8514

Harwood Andrews
Previous

Harwood Andrews wins State/Regional Law Firm of the Year at the 2017 Australasian Law Awards

Next

Landmark decision on Accountant’s accessorial liability for client’s breach of workplace laws