All Topics / Help Needed! / Land tax in SA

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  • Profile photo of fiona888fiona888
    Member
    @fiona888
    Join Date: 2011
    Post Count: 1
    March 30, 2011 - 3:39 am

    Hi there, a question here. My friend own two houses, land costs about $500,000 combined. Neither of it is rental property, one is in her name and other one is in her and her partner’s name. They probably live in one house 6 months and another house 6 months, in this situation, how much land tax she needs to pay? And does make any difference if she changed to house to rental property? Many thanks~~

    Profile photo of ALF1ALF1
    Participant
    @alf1
    Join Date: 2011
    Post Count: 237
    March 30, 2011 - 4:33 am

    Hi Fiona.

    Land ownership, site value and land use as at midnight 30 June each year is used to determine the land tax for the forthcoming financial year. Land tax revenue assists in the provision of public services such as education, health and public safety.

    RevenueSA is responsible for the collection of land tax under the Land Tax Act 1936, the Taxation Administration Act 1996 and associated Regulations.

    Based upon a land value of $500,000, ther Land Tax payable for that year ending 30 June is $1000.

    For more info, simply go to Revenue SA website at this link: 

    http://www.revenuesa.sa.gov.au/landtax/index.html

    I hope this has been helpful to you.
    Kind regards,

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