Land tax

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

Join Australia's most dynamic and respected property investment community
Tags:
  1. sammmeee

    sammmeee Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    72
    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?
     
    sammmeee, 24th Apr, 2016
    #1
  2. Terry_w

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

    Joined:
    18th Jun, 2015
    Posts:
    42,003
    Location:
    Australia wide
    Terry_w, 24th Apr, 2016
    #2
  3. Archer

    Archer Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    66
    Location:
    Perth

    Ownership in the same names results in aggregation, regardless of the percentages.
     
    Archer, 25th Apr, 2016
    #3
    LEARNTOINVEST likes this.
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,249
    Location:
    Sydney or NSW or Australia
    Who advised you that would wash with the SRO?
     
    Scott No Mates, 25th Apr, 2016
    #4
  5. sammmeee

    sammmeee Well-Known Member

    Joined:
    16th Jul, 2015
    Posts:
    72
    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
     
    sammmeee, 29th Apr, 2016
    #5
From $20k to $25 Million: The Chris Gray Story