Trust - Land Tax pre 2008

Discussion in 'Accounting & Tax' started by wayne, 4th Jun, 2016.

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

    wayne Well-Known Member

    Joined:
    4th Jun, 2016
    Posts:
    50
    Location:
    ACT
    Hi all,

    In 2006 we had a trust structure created to purchase (NSW) property. We understand that in 2008 the land tax act was amended, identifying most trusts as special trusts and not entitled to a land tax threshold.

    Is anyone aware if pre - 2008, trusts were entitled to a land tax threshold.

    Cheers
    Wayne
     
  2. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

    Joined:
    18th Jun, 2015
    Posts:
    14,767
    Location:
    Remote
    Yes they were.
     
  3. wayne

    wayne Well-Known Member

    Joined:
    4th Jun, 2016
    Posts:
    50
    Location:
    ACT
    Thanks