All Topics / Help Needed! / Land Tax in NSW for an investment property turning into a PPOR

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  • Profile photo of SayanSayan
    Participant
    @sayan
    Join Date: 2013
    Post Count: 13
    February 16, 2015 - 4:19 pm

    Hi,

    I just received a notice to pay the land tax for my investment property in Sydney where I am planning to turn into my PPOR in May this year.

    Do I have to pay the full amount of the land tax or just a portion of it as I will only be renting it out 4 out of 12 months this (calendar) year.

    Thanks in advance,
    Zee

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404
    February 17, 2015 - 10:53 am

    Yes. It’s payable at the same time every year based on what you own at the time.

    There can be exceptions, like if you’ve sold it but not settled.

    You could ring them though to ask. I doubt you’d get a refund though. Do you have another PPOR you are claiming exemption on? Are you going to give them extra to pay for that?

    • This reply was modified 9 years, 9 months ago by Profile photo of Catalyst Catalyst.
Viewing 2 posts - 1 through 2 (of 2 total)

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