Entering off-the-plan contracts for the sale of land includes many disclosure obligations on behalf of the vendor, and one that developers need to be aware of is section 9AB of the Sale of Land Act 1962 (Vic) (SLA), which requires the vendor under an off-the-plan contract to disclose to the

Developers Beware! Importance of checking your plans, marketing renders and ‘finalise’ materials before going public! If you are still thinking changes less than 5% of the overall area isn’t material change? You are WRONG!   Have you checked your plans? Burger & Ors v Longboat Holdings Group 2 Pty Ltd [2021]

From 1 July 2023, many Victorian landowners whose land value increases due to the government’s decision to rezone will face the prospect of paying a significant and new tax to the State Revenue Office, called the “Windfall Gains Tax”. The Windfall Gains Tax and State Taxation and Other Acts Further

From 1 July 2018, purchasers of new residential premises or potential residential land will be required to withhold an amount from the price for the supply and pay that amount to ATO on or before settlement. The property transactions impacted are taxable supplies (for example, sales and supplies by way of

Vendors and purchasers who would like to take advantage of the existing off the plan statutory declaration by backdating their contract of sale would need to think again, seriously.  In the case of Balonyi v Commissioner of State Revenue (Review and Regulation) [2015] VCAT 509, the purchaser claimed the off the plan

As you are all aware by now, for real estate Contract of Sale dated after 1 July 2017, the off the plan duties concession will only apply to properties acquired for principal place of residence uses and will also have caps applicable for the dutiable values for eligible transactions.  From