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Nearly fainted at my NSW this one - until I realised they included a (now sold) PPOR from 3 years ago in a "recalculation". Still painful for a tax that was introduced nearly 150 years ago - was supposed to run for one year only - to help pay for some war between England and France.

i got stung by that in nsw on advice from a very ex accountant ... in nsw there is no threshold for companies or trusts, so was hit for land tax on the entire value. not sure about vic but be careful. that year cost me $27,000 for the stupid setup.