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View all AlliancesHelping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
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Learn moreVictoria’s Commercial and Industrial Property Tax Reform Bill 2024 passed both state houses of Parliament
Victoria’s Commercial and Industrial Property Tax Reform Bill 2024 (read TaxNewsFlash) has passed both state houses of Parliament, with changes to take effect from 1 July 2024.
Under the reform, stamp duty would be payable one final time on commercial and industrial properties as they are transacted, and no stamp duty would apply to any future sales. The commercial and industrial property tax would apply 10 years after the next transaction and would be set at a flat rate of 1% of a property’s unimproved land value per year.
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