--- title: Which is Better for Land Tax and CGT Concessions Where a Group Acquires Property in Victoria? description: The choice is made out of a Unit Trust or a Partnership.    Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a le --- [Skip to content](https://info.lightyeardocs.com.au/supportcentre/hc/en-us/articles/900005559583-which-is-better-for-land-tax-and-cgt-concessions-where-a-group-acquires-property-in-victoria#main-content) English Show submenu for translations [![Asset 46@4x](https://info.lightyeardocs.com.au/hs-fs/hubfs/Asset%2046@4x.png?width=273&height=50&name=Asset%2046@4x.png)](https://www.lightyeardocs.com.au/) Open main navigation Close main navigation - English Show submenu for translations Your Gateway to Growth and Achievement! - There are no suggestions because the search field is empty. 1. [Success Hub](https://info.lightyeardocs.com.au/supportcentre?hsLang=en) 2. 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The choice is made out of a Unit Trust or a Partnership.  - A **Partnership** has each person holding a part interest in the land proportionate to their entitlement.  As such CGT discount flows to the part owner directly.  For land tax the partnership is assessed as if it were an individual then a look through to each part owner who may receive a credit on any land tax paid by the partnership:  [https://www.sro.vic.gov.au/joint-owners](https://www.sro.vic.gov.au/joint-owners) - For a **Unit Trust**, the CGT concessions are within the trust and there is also concessions if the units are disposed of.  For land tax surcharge rates apply from $25,000 onward: [https://www.sro.vic.gov.au/land-tax-current-rates#trust-surcharge-rates](https://www.sro.vic.gov.au/land-tax-current-rates#trust-surcharge-rates) The system of applying land tax is similar to a partnership if chosen by the Trustee however the tax rates are higher.   *Please be advised this is general information only, and is not to be taken as legal advice. 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