Hi all,
I’ve read in the newspaper about the land tax. “Property owners slugged”. In Victoria, is the land tax relevant ?? As far as I know, it is only relevant in NSW, but I might be wrong.
If the land tax relevant in VIC, then how we’re going to calculate it ?? Is the land tax is valid for both residential and commercial property ??
Is that the cost/expense that we need to pay annually ??
Thanks in advance.
Originally posted by leo777:
I’ve read in the newspaper about the land tax. “Property owners slugged”. In Victoria, is the land tax relevant ??
Unfortunately YES [glum2]As far as I know, it is only relevant in NSW, but I might be wrong.
Again, unfortunately YES [glum2] See below:Land Tax is applicable in:
VIC
http://www.sro.vic.gov.au/sro/srowebsite.nsf/landtaxNSW
http://www.osr.nsw.gov.au/portal/page?_pageid=33,1&_dad=portal&_schema=OSRPTLTWA
http://rol.osr.wa.gov.au/taxcal/SA
http://www.revenuesa.sa.gov.au/taxes/ltax.html#CalculatorTAS
http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/stat-v/215QLD
http://www.osr.qld.gov.au/calcs/downloadzip.htm
(You will need to download the calculator)For more information visit the ATO website (land tax section):
http://www.ato.gov.au/businesses/content.asp?doc=/content/33834.htmQuote: Land tax is imposed in all states and the ACT, but not in the Northern Territory. It is a tax levied on landowners, except in the ACT where it is levied on lessees under a Crown lease.
If the land tax relevant in VIC, then how we’re going to calculate it ?? Is the land tax is valid for both residential and commercial property ??
Refer to the website for individual state calculators. Land Tax is applicable to both residential and commercial.Is that the cost/expense that we need to pay annually ??
Yet again, unfortunately YES [glum2]I read somewhere that this – land tax – was being reviewed with a view to repealing it. Is this everywhere or just in NSW (where I am) or in fact incorrect? Does anyone know??
hrhpablo
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