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Tuesday, 04 May 2010 10:57 |
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Small landowners to avoid growth zone tax, The Age, 4th May 2010
SMALL landholders in Melbourne's growth zone will be exempted from the state government's planned infrastructure tax in a deal aimed at getting the controversial measure passed by Parliament.
The Age understands the government has negotiated a bipartisan resolution for undeveloped blocks of land less than five hectares to be exempt from the growth areas infrastructure contribution until they are subdivided or developed. Properties up to 10 hectares with existing dwellings on them will also avoid the tax.
See also: Cheap land to open up in Melbourne's north and west, Herald Sun, 4th May 2010
**The findings of the Disputes Resolution Committee are expected to be presented to Parliament today or tomorrow. Details will be posted as soon as they are available.**
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