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The general land tax threshold will increase from $250,000 to $300,000. (The land tax threshold for land held on trust remains unchanged at $25,000.)
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#Victoria 2 change national value full#
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#Victoria 2 change national value plus#
New premium land transfer duty (stamp duty) rate for property transactions with a value above $2 million, increasing stamp duty payable to $110,000 plus 6.5% of the dutiable value in excess of $2 million.Īpplies to contracts entered into on or after 1 July 2021 The total value uplift from a rezoning decision will be taxed at 50% for windfalls above $500,000, with the tax phasing in from $100,000. New windfall gains tax of up to 50% to be applied to planning decisions to rezone land from 1 July 2022. A rate of 0.5% will apply for businesses with national payrolls above $10 million, and businesses with national payrolls above $100 million will pay an additional 0.5%.Įxtending the point of consumption tax framework to Keno. Mental health and wellbeing levy (payroll tax surcharge).Ī payroll tax surcharge on wages paid in Victoria by businesses with national payrolls over $10 million a year.