Victorian Bushfires – Tax and Duty relief
The Victorian Government has announced a range of tax relief measures for people and businesses affected by bushfires.
They include:
-Land tax relief on properties that have been affected by bushfires or are used to provide free accommodation for people displaced by bushfires.
-Land transfer duty (stamp duty) relief for people who need to replace homes destroyed by bushfires.
-Reduced land transfer duty (stamp duty) on purchases of commercial or industrial property in bushfire affected local government areas.
-Reduced payroll tax for regional employers with a registered address in a bushfire affected local government area.
-Motor vehicle duty relief for people who need to replace vehicles destroyed by bushfires.
They have also put land tax assessments on hold for people who live or own land in bushfire affected areas.