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.

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 for NSW. However, a discretionary trust and some unit trusts (i.e. non fixed units trusts) do not receive this threshold and are taxed at a flat rate of 1.6% of the taxable value of the properties.

By way of example, if the taxable value of the interest in a property is $500,000, then a discretionary trust will incur an annual land tax liability of $8,000.