When should i pay land tax

Discussion in 'Accounting & Tax' started by Keentolearn77, 10th Feb, 2020.

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  1. Keentolearn77

    Keentolearn77 Well-Known Member

    Joined:
    1st Sep, 2016
    Posts:
    398
    Location:
    Melbourne
    Hi
    I have received my land tax bill for this year I am just wondering with the fact that I am proceeding through subdivision and titles paperwork over the next 4 to 8 weeks will my land tax bill calculation be recalculated by SRO after subdivision completion ...... or - hoping doesn’t change and that it’s only the capital value that should change..... I would assume and hope that the land tax bill amount would not change....??
     
  2. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    15,067
    Location:
    Sydney
    A land tax assessment is issued AT a specific point in time (NSW / Vic = 31 December midnight). Next year the assessment may be different.
     
    Terry_w likes this.