How much are you paying for land tax per year?

Discussion in 'Accounting & Tax' started by PropertyInsight, 30th Sep, 2017.

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How much do you pay for land tax per year?

  1. none

    4 vote(s)
    21.1%

  2. less than $3000

    1 vote(s)
    5.3%

  3. $3001-$5000

    1 vote(s)
    5.3%

  4. $5001-$10000

    4 vote(s)
    21.1%

  5. greater than $10000

    9 vote(s)
    47.4%
Multiple votes are allowed.
  1. PropertyInsight

    PropertyInsight Well-Known Member

    Joined:
    22nd Jun, 2017
    Posts:
    332
    Location:
    Australia
    Just create a survey for land tax payment. My one is $3500pa.
     
    PropertyInsight, 30th Sep, 2017
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,225
    Location:
    Sydney or NSW or Australia
    Exclude much of inner Sydney - where the UCV exceeds $1m.
     
    Scott No Mates, 30th Sep, 2017
    #2
    PropertyInsight likes this.
  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,353
    Location:
    Perth
    In total over the portfolio? Heaps and heaps (about $20k over 7 entities.)
     
    Westminster, 30th Sep, 2017
    #3
    PropertyInsight likes this.
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    Many avoid paying any land tax or extensively minimise it by ensuring their portfolio spans more than one state, choice of structure or even structuring with spouses and others. Others now pay far more if they arent citizens (but are PRs) or some who depart the country.
     
    Paul@PAS, 3rd Oct, 2017
    #4
  5. Zoolander

    Zoolander Well-Known Member

    Joined:
    15th Dec, 2016
    Posts:
    668
    Location:
    Sydney
    Was paying about $2k across my Sydney-only portfolio. Made one a PPOR which should bring me under the threshold assuming land value doesn't keep skyrocketing...
     
    Zoolander, 3rd Oct, 2017
    #5
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