Land tax - Granny flat on PPOR

Discussion in 'Accounting & Tax' started by property_geek, 2nd Jul, 2017.

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  1. property_geek

    property_geek Well-Known Member

    Joined:
    31st Jul, 2015
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    Australia
    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 this:
    LAND TAX MANAGEMENT ACT 1956 - SCHEDULE 1A

    Looks like granny flat is exempted from land tax. Can someone please confirm this?
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    18th Jun, 2015
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    Location:
    Australia wide
    generally not.
     
    property_geek likes this.
  3. Paul@PAS

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

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    18th Jun, 2015
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    23,319
    Location:
    Sydney
    Depending if the main residence is occupied by the owners or not. If not, land tax applies. There is no absence rule available
     

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