Land Tax calculations for New South Wales

Property Investors are charged land tax in all states and territories of Australia.

As in all areas of Australia, Land Tax is payable on the total value of land held by an owner, be it a sole owner, joint owner, trust or whatever.  Various states have different rates of land tax so if you own properties, or plan on owning properties in different states it pays to check out the rates that are applicable to that area.

New South Wales has a booklet about their Land Taxes and here is the link to to take you straight to it and you can download the PDF file.

This booklet covers:

• what land tax is
• exactly who needs to pay it
• how it is calculated for 2010
• explanation of how land value us determined
• allowances, exemptions and concessions
• explanation on submitting a return, and more

Even if you do not own property in NSW you may find this booklet very helpful in understanding all about land tax.

Filed Under: Tax Tips

Tags: investment property land tax • Land value tax • New South Wales • NSW land tax • NSW property investment land tax • property investment land tax • Tax