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ARTICLE · 17 OCTOBER 2025

Further Victorian CIPT And State Taxes Amendments

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

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On 15 October 2025, the Victorian Government proposed a suite of amendments to existing taxation acts as part of the State Taxation Further Amendment Bill 2025 (the Bill).

AustraliaTax
Jinny Chaimungkalanont
Jinny Chaimungkalanont
Mark Peters
Mark Peters
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Introduction

On 15 October 2025, the Victorian Government proposed a suite of amendments to existing taxation acts as part of the State Taxation Further Amendment Bill 2025 (the Bill). The Bill and explanatory notes can be viewed here.

Commercial and Industrial Property Tax (CIPT)

From 1 July 2024, the CIPT came into effect, replacing stamp duty on subsequent transactions concerning commercial and industrial properties which have entered the CIPT scheme and continue to qualify for it (CIPT Land). The key changes include:

  • Entry Transaction (Dutiable Transactions): an amendment to the definition of 'entry transaction' such that for a property to enter the CIPT regime the duty payable on the relevant dutiable transaction (but not landholder duty which remains unchanged) must amount to the duty that would be payable on 50% or more of the unencumbered value of the land. The exclusion for an exemption from transfer duty is replaced by this new provision (the

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