| Published by Wai-Hwoon Low, Mark McKinley, Rosemary Southgate, Kathryn Elleman
Notification to the State Revenue Office must be made via its online portal here.
The VRLT is different and additional to the federal foreign annual vacancy fee, which is commonly referred to as the “ghost tax” and only applies to foreign owners of Australian residential property. The VRLT applies to all land owners of property in Victoria; not just foreign owners.
By way of a reminder, the key aspects of the VRLT are set out below.
If you have any questions about how this new tax may affect you, please contact one of our Property and Development team members.