Information Circulars & Revenue Rulings - Land Tax - RevenueSA Aggregation of land held in trusts. "Subject to the clarifying points below, where two (or more) parcels of land are held by the same taxpayer on trust for the same beneficiaries - irrespective of whether the parcels are held in trusts established at different times - the land will be aggregated." "For disaggregation to occur, the Commissioner must be satisfied that two or more trusts have different beneficiaries. This will involve considering the broad range of beneficiaries of each trust in order to ascertain whether there are, in fact, different beneficiaries included or excluded under each trust."
Thanks for sharing. It would be very easy to create 2 trusts with separate beneficiaries to over come this.
