Block billionaire Adrian Portelli faces a huge tax bill of more than $1.2 million after snapping up the five properties at the show’s auction on Sunday.
The businessman, 35, spent a total of $15.03 million after purchasing all the luxury homes on Phillip Island from the show’s 2024 season for the first time on the show.
However according to wellbeing.com.auPortelli could avoid paying the large bill by unloading the properties he has announced he will do.
He revealed that he will be giving away all the houses in a massive ‘resort giveaway’ through his LMCT+ raffle business.
By doing this, Portelli could avoid paying the Victorian State Revenue Office up to $876,950 and approximately $332,182 annually in land taxes.
He made history on Sunday night when he snapped up all of Block’s Phillip Island homes for a staggering $15.03 million during the finale.
After the auction, Portelli announced on Facebook: ‘Under new management! And as mayor of the city of Portelli, I would like to announce a world first. WE’RE GIVING AWAY A FKN RESORT!’
‘1 drawing – 1 prize – Winner takes the entire resort OR $8,000,000 in instant tax-free cash! Let the game begin.
The Block billionaire Adrian Portelli faces a huge tax bill after snapping up all five properties at the show’s auction on Sunday.
The Portelli ‘rewards club’ has made billions watching its customers pay for different levels of membership to receive a series of entries into luxury gifts.
Portelli has been buying block houses for three seasons and giving them away in his raffles.
He confessed The Kyle and Jackie O Show on Monday morning that he doesn’t even like Phillip Island and that’s why he’s giving away the five properties, packaged as “resort,” in the draw.
The shocking confession came when presenter Jackie ‘O’ Henderson asked the businessman: ‘So what are you going to do with all these houses, Adrian?’
“Well, I was thinking about opening my own resort, but I’m actually going to give it to one of my clients,” Adrian responded.
The businessman, 35, spent a total of $15.03 million after purchasing all the luxury homes on Phillip Island from the show’s 2024 season for the first time on the show. In the photo Adrian and the winners Maddy and Charlotte.
Kyle Sandilands explained: ‘That’s what he does. Every time he buys these houses he gives them to one of his clients… It’s part of a contest (LMCT+).’
“We give them away and someone takes it,” Adrian said, before criticizing the location where The Block was filmed this year.
“I’m not a big fan of Phillip Island. It’s a little complicated for me. “I can’t be bothered to drive to that point,” he said.
Portelli also revealed the auction was rigged after Maddy and Charlotte Harry became the youngest winners in history on Sunday.
‘We carefully selected the order of the auction to make sure the girls (Maddy and Charlotte Harry) were last. That way we can get them to win,” Portelli told Nova’s Jase & Lauren.
However, Portelli could avoid paying the large bill by unloading all the properties he has announced he will do.
Portelli revealed that it was decided that her house would be the last to go up for auction to increase the drama after the newcomers were criticized by their co-stars.
‘The girls cared. They arrived late. “They were the underdogs, they were made fun of and harassed,” he said.
He said Maddy and Charlotte were informed in advance why their property would be auctioned last, adding that the other contestants were kept in the dark.
‘It was just the girls (who were in the plan). How good is that? “They are the sweetest and most innocent and they were the ones who played the best,” he shared.