All Topics / Legal & Accounting / Land Tax

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  • Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    November 28, 2010 - 3:54 am

    I am looking to lease out a property somewhere between xmas/new year if possible however as it will be leased on the 31/12 which is when the OSR decides it will charge land tax I will be liable for a year's land tax for having leased it a few days before new years. This wouldn't happen if we let the property on 1 Jan (with a liability arising 1/1/12).

    Can anyone suggest any way around this?

    Profile photo of WJ HookerWJ Hooker
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    @wj-hooker
    Join Date: 2007
    Post Count: 272
    November 28, 2010 - 5:47 am

    Scott,
             I understand your position, but do you own the property now ( not your PPOR ? )
    The land tax is on any property that's not your PPOR, or over a certain value ( depending on other properties ) which I'm sure you know about, so I am guessing this property is your PPOR at the moment ??? or am I missing something.

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    November 28, 2010 - 8:42 am

    yes, it’s my ppor but I’m relocating pre-Xmas.

    Profile photo of beediebeedie
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    @beedie
    Join Date: 2007
    Post Count: 158
    November 28, 2010 - 8:45 am

    Maybe im missing something also but why not lease it from the 1st Jan and if you have too for whatever reason allow them access earlier then that date

Viewing 4 posts - 1 through 4 (of 4 total)

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