Land tax bare land

Discussion in 'Accounting & Tax' started by Angie44, 9th Dec, 2020.

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  1. Angie44

    Angie44 Member

    Joined:
    14th Nov, 2020
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    Location:
    Vic
    I have a bare block of land
    I assume a bare block is one that can have plantings on it but no house or shed.

    Regarding land tax, would this have been paid by vendor when I bought it?
    Also do I have to contact the relevant department to initiate land tax or do they automatically send me a bill?
    What date must it be paid by?
     
    Angie44, 9th Dec, 2020
    #1
  2. Paul@PAS

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

    Joined:
    18th Jun, 2015
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    23,536
    Location:
    Sydney
    Insufficient information. What state ? When did you buy ?

    The land owners at the relevant taxing date in their state will become liable to land tax whether they are registered or not. OSR then send notices in due course IF the owner has land that exceeds the relevant taxing threshold. If unregistsred they can assess arrears years later or on sale or other dealings. Contact your state Office of State Revenue. Each state maintains a well informed website. Google "XXX" state land tax.
     
    Paul@PAS, 9th Dec, 2020
    #2
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