Retirement Villages Exempted from Stamp Duty
Source: Victoria. Treasurer. Media Release
"The Brumby Labor Government has moved to ensure stamp duty would not apply to retirement villages. Mr Lenders said the government had consulted with stakeholders and acted to prevent any possibility of unintended consequences of the bill applying to retirement homes.“Our objective is clear - to close a loophole that allowed large corporations to circumvent tax by deliberately structuring their affairs to take advantage of our abolition of stamp duty on leases,” Mr Lenders said."