This course provides a detailed exploration of the new Commercial and Industrial Property Tax (CIPT) reform, equipping participants with the knowledge needed to navigate significant changes in the taxation of commercial and industrial properties in Victoria. Effective from 1 July 2024, the course covers the reform's impact on land transfers, new annual taxes, and substitution of current stamp duties. By the end of the course, participants will have a thorough understanding of qualifying uses, entry transactions, and the practical applications of the CIPT reform.

Key Topics: 

• Introduction to CIPT Reform 
• Implementation and Transition Rules 
• Entering the Tax Reform Scheme 
• Application of CIPT to Taxable Land 
• Liability, Rates, Exemptions, and Reassessments 
• Impacts on Legal and Commercial Practices 

This course is designed for real property lawyers, conveyancers, commercial lawyers, and tax professionals. Basic knowledge of property law and taxation is recommended.