Vacant residential land tax (VRLT) may apply to residential land that is vacant for more than 6 months in the preceding calendar year. Exemptions from vacant... · Understanding your vacant... · Notify us online · Owner

12 нояб. 2024 г. · 1% of the property's capital improved value (CIV) in the first year. · 2% in the second consecutive year. · 3% in the third consecutive year.

6 дней назад · From 1 January 2018 to 31 December 2024, VRLT applies only to residential properties in 16 inner Melbourne councils. Residential properties ...

From 1 January 2025, a progressive rate of Vacant Residential Land Tax (VRLT) will apply to non-exempt vacant residential land across all of Victoria. VRLT is ...

The rate will increase to 2% for the second consecutive year and 3% for the third consecutive year. Do I need to pay Vacant Residential Land Tax if I own a ...

The rate of tax will increase if the property is vacant for consecutive years (1% first year, 2% second year and 3% third year) to a maximum of 3%. The new tax ... Land Tax · Vacant residential land tax...

9 февр. 2024 г. · The standard rate of penalty tax applied is 25% of the additional amount of vacant residential land tax. However, this can be reduced to 5% for ...

14 февр. 2024 г. · For the 2024 land tax year, the vacant residential land tax is 1 per cent of the capital improved value of land. Why is my land tax assessment ...

14 мая 2024 г. · The VRLT is assessed at the current rate of 1% of the capital improved value of the land and is payable to the Victorian State Revenue Office.