Hi Benny,

I just want to confirm the below.

WA has land tax apply after land value exceed $300,000 for individual.

Does that value apply to trust as well?

Thank you.

Hi TerryW,

I am considering setting up discretionary trust using company as a trustee. However, while I am doing research about this structure, there is a drawback with land tax. Please shed some light.

Thank you.

For NSW, the land tax threshold is available to individual property investors, joint owners or tenants in common, companies, fixed unit trusts and self-managed superannuation funds. What this means is that these entities do not pay any land tax until the taxable value of the land they hold exceeds the land tax threshold which is currently $755,000…[Read more]