Is there stamp duty on the sale of a business in VIC?

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‘The Duties Act 2000 does not charge duty separately on the sale of a business, but the presence of a business may affect the value of the land’ State Revenue Office Victoria. Stamp Duty is not charged with selling business assets in Victoria like other states such as New South Wales. There is no stamp duty on the transfers of shares in a company or units in a trust. Victoria does impose stamp duty on certain kinds of dutiable transactions, including property; these are defined in the Duties Act 2000. It's important to seek professional advice when buying a business, especially an accountant who will help you understand your tax obligations. 

Tags: vic

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