This came out about a month ago - a slight increase on the tax threshold and slight lowering of tax rate for land value below $500K. Property...
Hey all We've just received a valuation on our SMSF held property in QLD which would make us liable for land tax. The threshold at which tax...
For mine: 1. Up 9.4% 2. Up 43% 3. Up 15.1% You should receive them via email or post. When their website is updated, you can find out a...
Hi, In 2019 my wife and I bought a new home without selling the old one. We both owned 50% each property. Our land tax assessment was sent to us...
Hi, First time user, sorry if this has already been answered. Situation: My partner and I live at our parents house, we own the following IP1...
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...
In QLD each individual natural person that is not an ‘absentee’ current gets a land tax threshold of $600,000, Schedule 1 of the Land Tax Act....
Hi all, Just a question about holding structures for property in Victoria. I have an IP under a trust and looking at getting another Vic property...
Hi Guys Just bought my first property at 49 kemp street granville https://www.realestate.com.au/property//49-kemp-st-granville-nsw-2142 Number of...
Is the land tax threshold combined across all states ? Or does each state have its own land tax threshold and assuming your not over the threshold...
I was playing with some numbers today, wondering what this might actually cost investors. I don't know if this is correct, I'd be interested to...
Hi, I’m curious if I was to purchase my next door neighbour’s house to merge the properties into one PPOR am I liable for land tax or can the...
Hi all. Just hoping someone with a bit more knowledge can help me out. I'm selling an investment property which is due to settle shortly. I...
I have an IP in a 6-pack where one unit owns the whole back yard (the yard is fenced off so only that unit can access it). In land tax calcs, they...
Our request of removing 'Land Tax' Clause in Sales Contract (of IP) is rejected by vendor. What are implications of this clause on me as a purchaser?
Hello everyone, I've been researching a bit, and it looks like owning a property in Australia while being absent from the country is a bit of a...
Hi All, Got a hypothetical query of minimising land tax. 1. House use as PPOR until 31st Dec Year 1 when Land Tax Triggers and house is exempt....
Hi there Is it really helpful if I create a family trust and buy an investment property in it It will be quite negatively geared for some years...
Generally, I think it is best to avoid having the one trust hold property in different states. This is because any changes to the trust deed will...
Tax Tip 368: Land Tax in QLD – A Individual v Trust If you are contemplating the purchase of a property in QLD and are interested in considering...
Separate names with a comma.
