NO STAMP DUTY VICTORIA if commercial and industrial property tax (CIPT)
Madhu Chaudhuri
![Madhu Chaudhuri]()
Madhu Chaudhuri
I help Ex Pats, Migrants, families, small businesses transitioning to achieve their property and finance dreams -be Financially Independent | Finance Writer
Purchasers for Victoria's commercial stamp duty reform need to understand
There are impending #stamp duty changes on commercial properties in Victoria coming in from July 1.
In the 2023–24 State Budget, the Victorian government announced that land transfer duty (stamp duty) on commercial and industrial property will be abolished and replaced with the commercial and industrial property tax (CIPT).?
The reform will give prospective purchasers of commercial and industrial properties the temporary option to pay stamp duty on a property upfront (as per current standard) or