Hi guys, This has probably been asked but are properties owned by trusts or companies taxed at the same rates as individuals? Cheers
ACT Land tax is not like other states. Each property is assessed...and the owner handed the bill. It more like council rates in other states and is paid each quarter. Its different as all land in the ACT is leased and not owned. There are two elements which impact the sum due. Land tax
Thanks Paul. I note in other states Land tax is charged at a higher rate if the property is under a trust. Just to confirm then, in ACT this is irrelevant and there is no surcharge?