Explain That by Velocity Legal

Vacant Residential Land Tax (Part 3): Compliance, Airbnb Traps & Audit Risks


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In this must-listen final installment of the Vacant Residential Land Tax series, tax specialists Andrew Henshaw and Rosalind Li discuss practical issues around Victoria’s Vacant Residential Land Tax (VRLT). 


Key Topics Covered: 

  • what to do to comply with VRLT rules 
  • airbnb listings vs actual usage – what qualifies as occupancy? 
  • when and how to notify the State Revenue Office (SRO) 
  • the importance of documentation and legal advice 
  • what happens if the SRO starts an audit 
  • how quickly assessments can escalate into six-figure liabilities 


This episode is essential for property owners, accountants, and legal professionals looking to stay compliant with Victorian tax laws. 

Learn everything you need to know about the changes in Vacant Residential Land Tax from 1 January 2025 in our blog: https://www.velocitylegal.com.au/blog/reminder---vacant-residential-land-tax-in-victoria-will-be-expanding-from-1-january-2025 


Get to know us more at https://www.velocitylegal.com.au/ 


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Explain That by Velocity LegalBy Velocity Legal