ARV has successfully worked with State Government to seek an exemption for alpine resorts on Vacant Residential Land Tax.
ARV advocated on behalf of alpine stakeholders that the application of VRLT would be inappropriate in the alpine resort setting due to the cyclical and seasonal demand for accommodation in alpine resort areas, and that properties located in the resorts would be considered vacant under the proposed VRLT. ARV was able to successfully advocate that the application of VRLT on these properties would be inconsistent with the purpose of VLRT, which is to encourage owners of vacant residential homes to make them available for use as long term accommodation.
This Bill, which ensures that land located in Victoria’s alpine resort areas will be excluded from the imposition of VRLT, will commence from 1 January 2025.
Page last updated: 13/12/24