by Financially Sorted | Feb 1, 2024 | Land Tax, Property Investment
Summary of State Taxation Acts and Other Acts Amendment Act 2023 Local Government Act (in force from 13/12/2023) Amends the definition of “Capital Improved Value” to be the same definition as in the Valuation of Land Act (which has also been amended to include...
by kirstyb | Nov 13, 2020 | Property Investment, Tax & Accounting
Discretionary Trusts in NSW: Foreign Persons – Surcharge land tax & purchaser duty Recently enacted changes to purchaser duties and land tax arrangements will expand surcharges for trusts which include foreign persons as beneficiaries. Legislation passed to amend...
by kirstyb | Nov 13, 2020 | Property Investment, Tax & Accounting
Absentee Owner Surcharges | Duties Act 2000 (Victoria) From the 2020 land tax year, an absentee owner surcharge of 2% applies to Victorian land owned by an absentee owner. The surcharge was 1.5% from 1 January 2017 and 0.5% for the 2016 land tax year. The absentee...