The laws relating to land tax have recently changed in NSW. One of the changes related to the Principal Place of Residence or PPOR exemption....
Hi everyone, on Revenue NSW's website, it states that: Where the PPR exemption applies, it applies for the benefit of all owners. Accordingly, if...
Hi - question about timing of NSW land tax. The land tax assessment notice from January this year shows land value for 2021, 2022 & 2023. I want...
Hi, Any chance I can have a hand with this NSW land tax calculation? Owner (A) owns IPs with two co-owners - equal shares - (entity 1) In 2023...
Land tax is levied under state legislation while CGT is levied under Commonwealth Legislation. State taxes are not connected, directly, to...
Hi all, First time poster on here and looks like a lot of valuable information and idea sharing. Just reaching out to see if anything can be...
All members of the same family can only have one property as their PPOR for the purposes of Land Tax. See Clause 12 Schedule 1A Land Tax...
A minor child can own property. The property could even be rented out and/or the main residence CGT exemption allowed. But NSW laws for land tax...
Hello all, I am new here and hope to seek some advises on land tax. I have 2 IPs. Both are in join name. IP1 ownership 90% -10% and IP2 ownership...
There are some land tax concessions in NSW where an owner is absent from their principal place of residence because they are in an aged care...
Tax Tip 357: Life Tenancy under a will and Land Tax in NSW Where someone holds a ‘life tenancy’, granted under a will, over land owned by...
Hi Everyone, I am new into this forum and I hope one of you guys can assists me. I have two investment properties in Sydney and value of land...
Hi All. I find myself in a situation where I sold my former PPR in Sept '20 and purchased a new property on 8 Dec '20 also as my PPR but it had an...
Beware when purchasing property in NSW as some sellers will place a condition in the contract that has the buyer agreeing to the apportionment of...
In reading up on NSW Land Tax, when you rent out what was your main residence, there seems to be an exemption for your main residence for up to 6...
If a company owns land it is liable for any land tax on the land. The company is a separate legal person to the directors. But legislation will...
Hi All, Am new to this and hoping someone can help me with a question I have regarding land tax in NSW. I recently purchased a block of vacant...
My husband & I have an investment property in our personal names (land value $383,000) and we are now going to buy another property in a family...
A great strategy is to leave assets to a TDT – Testamentary Discretionary Trust. Under NSW land tax law a beneficiary under a Testamentary...
In NSW the land tax threshold is currently $734,000 (as of 2020) This means an individual could hold up to $734,000 in property, with a land...
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