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Courses/Accounting & Tax/Tax Update

Navigating New Commercial and Industrial Property Tax (CIPT)

Master the New Commercial and Industrial Property Tax (CIPT) System

Created byProAccount Academy
BeginnerUpdated Aug 1, 2024
Navigating New Commercial and Industrial Property Tax (CIPT)

What You'll Learn

check_circleUnderstand the key components of the CIPT reform
check_circleComprehend the timeline and transition rules for CIPT
check_circleIdentify qualifying uses and entry transactions under CIPT
check_circleLearn to classify taxable land under the new scheme
check_circleUnderstand liability, tax rates, and exemptions for CIPT
check_circleDevelop strategies for managing risks associated with CIPT

About This Course

This course provides a detailed exploration of the new Commercial and Industrial Property Tax (CIPT) reform, equipping participants with the knowledge needed to navigate significant changes in the taxation of commercial and industrial properties in Victoria. Effective from 1 July 2024, the course covers the reform's impact on land transfers, new annual taxes, and substitution of current stamp duties. By the end of the course, participants will have a thorough understanding of qualifying uses, entry transactions, and the practical applications of the CIPT reform.

Key Topics: 

  • Introduction to CIPT Reform 
  • Implementation and Transition Rules 
  • Entering the Tax Reform Scheme 
  • Application of CIPT to Taxable Land 
  • Liability, Rates, Exemptions, and Reassessments 
  • Impacts on Legal and Commercial Practices 


This course is designed for real property lawyers, conveyancers, commercial lawyers, and tax professionals. Basic knowledge of property law and taxation is recommended.

Your Instructor

ProAccount Academy
ProAccount Academy
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star4,391 reviews

ProAccount Academy is dedicated to providing top-notch professional development courses for accounting professionals across Australia and the rest of the world!  The academy offers a robust library of over 150 courses, featuring more than 8,000 video tutorials that cover a wide range of accounting and financial topics. Our curriculum covers a broad spectrum of accounting topics, ensuring that our participants stay current with industry trends and regulatory changes. We pride ourselves on delivering practical and interactive learning experiences led by industry experts. ProAccount Academy is committed to helping accountants achieve their professional goals and advance their careers.

Credit Information

What Students Are Saying

4.5
Student's Choice
84 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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