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Navigating the complexities of superannuation can be challenging, but with the right strategy, it can serve as an effective tool for wealth accumulation and tax minimisation.

From 1 January 2025, the Vacant Residential Land Tax (VRLT) will extend to all homes in Victoria that remain unoccupied for more than 6 months within a calendar year, unless an exemption applies. This includes homes under construction, renovation, or deemed uninhabitable for over 2 years.

Here’s a summary of the key changes coming into effect on 1 July 2024.