An absentee owner surcharge of 2% applies to Victorian land owned by an absentee owner. If you are an absentee owner at 31 December, the surcharge applies in the following land tax year.
The Victorian Government has announced land tax relief for landlords as part of its Economic Survival Package in response to COVID-19.
Previously, if you bought vacant land with the intent to build a rental property on it, you may have been able to claim tax deductions for expenses. New laws prevent these deductions from being claimed.