Archive for December 11th, 2009

Effects Of Land Tax On Investments

Land that is deemed taxable is:
* Vacant land
* Land that is built on
* Lots in building unit plans
* Lots in group title plans
* Lots in a time share scheme
* Lots owned by a home unit company
How is land tax assessed?
The unimproved value of land is assessed quarterly on 1 July, 1 October, 1 January and [...]