Oops again – meant to ask what you meant by "single holding basis"?  I shall be contacting the agent today to say that my offer was subject to no land tax adjustments, however if they reject this I wondered what you meant by the other option?  What does this mean exactly?

Thanks Scott.I've checked out the OSR however they can't really advise any further other than to say to apply for a clearance certificate, but that doesn't help if the contract says that there will be an adjustment.  I just don't see why the current Vendor (who owned the property through his company) should expect me to pay towards his land tax when I am buying the property as an individual as my principal place of business.  The property in question has a purchase price of $960,000 so it's not cheap, I believe the land value is about $650,000.  So does this mean that the property land tax is about $4,600 and the Vendor expects me to contribute towards this cost?  Do they calculate it in the same way as rates, (ie you pay from when you take ownership?)  None of it makes any sense to me, why should they even expect me to contribute towards their costs?

Did you ever find the answer to this question as I myself am now facing the same dilema!