4A - The Basics of CIPT

This episode introduces CIPT and discusses the policy reasoning behind the implementation of CIPT. The discussion covers the types of property affected by the new law, how the annual tax is calculated, and other considerations such as ‘change-of-use’ duty. Listeners can gain an understanding of the key elements of CIPT, including exceptions to the new law, how CIPT is calculated, and how a property will become part of the CIPT regime.