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...
I have recently sold an investment property through an auction and we had a bit of interesting scenario around land tax and I thought I would...
Legal Tip 258: New Land Tax Sting for Trusts and Companies owning Land in NSW Under NSW law a ‘foreign person’ will pay more land tax and stamp...
Hi all I am seeking views on what arguments have worked in getting NSW Land valuations down to ensure I am not missing an angle. I am pushing...
In NSW land tax is assessed on a person’s land holdings as of 31 December each year. The principal place of residence (PPOR) is generally exempt...
Greetings, I am I'm the process of subdividing a property for a family member. The final subdivision has been accepted by council and the land...
Tax Tip 182: Land Tax and Religion in NSW In NSW, and probably other states (haven’t looked), there are land tax exemptions available for land...
Land Tax Comparison owning Property in Own name v Trust in NSW Trusts are heavily taxed with land tax in NSW. A simple example will be enough to...
Can someone confirm my understanding on land tax exemption in NSW. I am living in my PPOR (Property 1, land valued at 350K) at the moment and...
My uncle and his wife are recent retirees in in their 60s. Conservative in investment profile they have a dilemma in their retirement years, which...
Tax Tip 170: Foreign Surcharge Exemption for Foreign Developers (NSW) As you may be aware there are new stamp duty surcharges on ‘foreign...
Tax Tip: Land Tax and Vacant Land NSW The land tax laws for vacant land and the PPOR exemption for land tax are complex and confusing. They can...
Currently, Australian permanent residents are subject to the surcharge and land tax duty unless they have been in Australia for 200 continuous...
Hi all, I cannot find any concrete answers anywhere and I hope you could assist. I understand that a company receives the land tax threshold....
we are; Selling current ppr (in nsw) Have purchased new ppr (in nsw) And intending to rent our new ppr for 6 months while we draw up plans for...
So I'm over the threshold and in NSW the onus is on me to register with OSR. If I don't I probably won't be picked up and won't have to pay until...
Hi, Does land tax apply on a granny flat on PPOR? It is rented out and generating income. Location is NSW. I am trying to get my head around...
I've been given mixed opinions from two accountants on this but after reading the NSW OSR website I think this is correct: - A and B own property...
Hi all, We have a property held in a soon to be a fixed unit trust. We intend to move into this property as our PPR. Are there any mechanisms...
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