Submission on land value sharing contributions

24/07/2023 10:37:00

The Law Society Taxation Committee recently made a submission on the General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022.

The submission, made to the Department of Housing, Local Government and Heritage, The Department of Finance and the Department of the Environment, Climate and Communications proposes possible revisions to the transitional provisions. These revisions aim to ensure that the new levy will not impact housing supply in relation to existing zoned land which is held by builders.

Representing the profession

You can learn more about the Law Society’ submissions to Government and agencies under Submissions & Reports.