Victoria to expand vacant residential land tax across state in bid to increase housing supply
by Benita Kolovos from World news | The Guardian on (#6F8JW)
The surprise announcement came on the first day of parliament since Jacinta Allan became premier
Victoria's treasurer has shocked the property industry and even some of his colleagues by announcing an expansion of taxes on vacant residential land during Jacinta Allan's first day of parliament as premier.
Tim Pallas told an industry breakfast on Tuesday that he planned to introduce legislation to parliament this week, which will see the vacant residential land tax expanded to include the whole state from 1 January 2025.
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