Australian Land Tax & Stamp Duty Changes

  •  Sponsored Content 

With an established network of offices around the globe, Australasian Taxation Services (ATS), continues to dominate as the leading Australian expatriate and property tax firm, having serviced thousands of international and Australian based clients.

Australian Property Owners – How to avoid penalties for late registration & late payment of land tax liabilities

The recent Australian state level land tax changes for Australian property owners are important and something to ensure that each property owner is aware of and registered for if applicable. Registration is compulsory and penalties may apply for late registration and late payment of land tax liabilities.

Land tax is administered by each local state government and as such, we are unable to register on behalf of our clients. We have provided a table to assist you with this process:

State Tax Free Threshold Rates Calculation Basis Foreigner Absentee Surcharge How to register
NSW $629,000 Marginal from 1.6% Entity* 2% – no tax-free threshold – Absentee includes PR’s absent >200 days p.a.
(Excludes Aust Citizens)
Click Here
VIC $250,000 Marginal from 0.2% Entity* 1.5% with $250,000 tax free threshold
(Excludes Aust Citizens & Permanent Resident Visa Holders)
Click Here
QLD $600,000 Marginal from 1% Landholding 1.7% with $350,000 tax free threshold. Absentee includes Citizens & PR’s not residing in Australia. Click Here
WA $300,000 Marginal from 0.25% Entity* N/A Click Here
SA $353,000 Marginal from 0.5% Entity* N/A Click Here
ACT $0 $765 plus marginal from 0.29% Landholding N/A Click Here
TAS $25,000 Marginal from 0.5% Landholding N/A Click Here
NT N/A N/A N/A N/A N/A

 

Gain a full understanding of your Australian tax obligations and opportunities and book a no cost, no obligation consultation by phoning +65 62933858, emailing ats@smats.net or visiting http://www.smats.net/Tax