Hi all Hope you can assist and clarify below for me. Just like someone to confirm for me a question about land tax liable in nsw. Example If homer and Marge own two investment properties jointly totalling $1,500,000 land value. Is tax payable below calculation one or two below. Calculation one) ($1,500,000 minus $692,000) multiply by 1.6% = $12,928 Calculation two) (1,500,000 multiple by 50% ownership) = $750,000 ($750,000 minus $692,000) multiply by 1.6% = $928 liable for Marge and Homer. Note threshold is based on average and and for 2019. Location is Sydney. The reason I'm asking this question is on the revenue nsw website it has the following note. Since the properties are joint owned I'm not sure why I have not received two separate individual tax assessment as mentioned on their website. Assessment "You are assessed based on the total land value of all your interests in land, whether you own them as an individual or as a joint owner. For example, if you have a 50% interest in jointly owned land, your individual tax assessment will include 50% of that land plus 100% of any land you own individually. You will receive separate assessment notices for any jointly owned land."