All Topics / Legal & Accounting / NSW Land Tax – Strata Title

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  • Profile photo of Simon PlummerSimon Plummer
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    @plummer
    Join Date: 2010
    Post Count: 44
    February 8, 2010 - 2:02 am

    Hey Guys,

    I am in the process of calculating the viability of purchasing a Strata Title Unit in a Trust Structure. My main point of concern is the land tax implications. For a $300,000 unit in Sydney does anyone know roughly what the land would be valued at? From what I have read the department of lands values the land of the whole block and then divides it up into lot portions.

    Thanks in advance.

    Plummer

    Simon Plummer | SP
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    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    February 8, 2010 - 1:25 pm

    The answer depends on several variables eg: How many units in the block, where the site is located, is it waterfront/good suburb etc? LV will vary from $negligible to $Mil depending upon the above variables.

    Ask the strata manager for a copy of the Val General's last assessment or the Council to provide a copy of the land value for ratings purposes.

    Profile photo of Simon PlummerSimon Plummer
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    @plummer
    Join Date: 2010
    Post Count: 44
    February 8, 2010 - 11:43 pm

    Will do, thanks for your response

    Simon Plummer | SP
    https://www.sp.com.au
    Email Me | Phone Me

    SP

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