Commercial and industrial property tax reform

The Victorian Government has announced its intention to deliver a landmark reform that transitions away from stamp duty for commercial and industrial properties.

Further information is provided on the reform in the fact sheet on this page, including how the lump-sum stamp duty system for commercial and industrial properties will transition to a more efficient annual property tax from 1 July 2024 to help businesses expand and create new jobs.

The Victorian Government will consult with business and industry in coming months, with the final form of the transition to be detailed by the end of 2023.


Reviewed 16/06/2023
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