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Victorian Land Tax Position My response was in relation to Victoria, where the questioner is from. The standard Victorian contract of sale of real estate (REIV, LIV) provides for land tax to be adjusted in the manner I described. Of course, a purchaser could seek to amend the standard terms...

More Info About Land Tax Land tax is payable for various reasons, including when the property is an investment. Principal places of residence are exempt and there is a $250,000 taxable value threshold. As the purchaser, you are liable to pay back the vendor any land tax adjusted for the days...