New 30-year tax bomb goes to Parliament

Marian Macdonald
October 21 2021 - 3:00pm
FarmBuy Real Estate
PINCH: Farmers whose land is rezoned from rural will not only accrue massive taxes, often in the millions, but will ultimately be forced to sell their properties if Parliament votes in favour of new legislation next week, the VFF says.
PINCH: Farmers whose land is rezoned from rural will not only accrue massive taxes, often in the millions, but will ultimately be forced to sell their properties if Parliament votes in favour of new legislation next week, the VFF says.

Victoria's massive new rezoning tax will be debated in Parliament next week and the Victorian Farmers Federation says that, unless it is defeated, farmers close to growing towns will have no choice but to sell up.

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Marian Macdonald

Marian Macdonald

National rural property writer

Writing for farmers in the Stock & Land, The Land, Queensland Country Life, Stock Journal and FarmWeekly, farming in Gippsland.

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