Australians outside of Victoria will be footing some of the state’s ballooning debt with Premier Daniel Andrews advising property investors and business owners to use his new taxes in their tax deduction claims to the federal government.
“Any land tax is fully tax-deductible depending on the way in which they have their affairs arranged,” he told reporters on Wednesday.
“I’d encourage anybody who can legally make claims against that federal tax system to do so.”
Andrews unveiled the new $4.7 billion land tax changes on Tuesday aimed at land and business property owners, which will affect nearly 860,000 Victorians starting from July….