Join Australia's most dynamic and respected property investment community

Land tax

Discussion in 'Accounting & Tax' started by sammmeee, 24th Apr, 2016.

Tags:
  1. sammmeee

    sammmeee Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    61
    Location:
    perth
    all our properties are in WA with different ownership between my husband and I eg I have 1% 10% 40% and 50%
    Yet we have received a land tax bill ( for the first time) in both our names.

    Yet separately the ownership levels would not accrue the tax.

    Is this correct as we are married the ownership percentages mean nothing to the wa land tax office?
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,979
    Location:
    Sydney
  3. Archer

    Archer Member

    Joined:
    20th Jun, 2015
    Posts:
    20
    Location:
    Perth

    Ownership in the same names results in aggregation, regardless of the percentages.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,558
    Location:
    Sydney or NSW or Australia
    Who advised you that would wash with the SRO?
     
  5. sammmeee

    sammmeee Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    61
    Location:
    perth
    No one the percentages were set up for ato tax purposes was hoping it would be the same for land tax also... Oh well