All Topics / Legal & Accounting / NSW Land Tax

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  • Profile photo of shufflershuffler
    Participant
    @shuffler
    Join Date: 2006
    Post Count: 6
    June 26, 2016 - 9:21 pm

    Hi all,

    I am the director of a Pty Ltd Company which is trustee for my family trust, the trust owns property in NSW. I have been told this type of structure does not apply for the land tax threshold because it is considered a special trust for land tax purposes. Can someone please shed some light on this….does a trust qualify for the threshold?

    Cheers

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    June 26, 2016 - 10:11 pm

    Generally no land tax threshold applies: http://www.osr.nsw.gov.au/taxes/land/factsheet/trusts

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