August 26, 2025 Nicholas Clifton Taxation, State Taxes, Stamp Duty, Trusts Victory International– Hybrid unit trusts subject to landholder duty August 26, 2025 Nicholas Clifton Taxation, State Taxes, Stamp Duty, Trusts The Victorian Supreme Court has held that acquisitions of units in hybrid unit trusts are potentially subject to landholder duty.The case has wide impact with potentially absurd outcomes for some taxpayers.