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Trust - Land Tax pre 2008

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

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  1. wayne

    wayne Active Member

    Joined:
    4th Jun, 2016
    Posts:
    35
    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 Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    Yes they were.
     
  3. wayne

    wayne Active Member

    Joined:
    4th Jun, 2016
    Posts:
    35
    Location:
    ACT
    Thanks