Understanding Land Tax for Property Investors
Incorporating land tax into your overall investment strategy is essential for long-term success. By understanding the nuances of land tax regulations and exploring investment structures, you can better manage your tax obligations and protect your investments
What is Land Tax?
Land Tax is an annual, accumulative tax charged by all states and territories (except the Northern Territory) and is payable on any land you own. Generally, it excludes your Principal Place of Residence (PPOR).
How is Land Tax Calculated?
The amount payable to the relevant State Revenue Office (SRO) varies slightly according to location and is determined by the combined unimproved value of any taxable property legally owned by you.
Why Consider Land Tax in Your Investment Strategy?
As with Capital Gains Tax (CGT), negative gearing, and depreciation allowances, land tax should be a consideration when drafting and implementing your ‘all-weather’ property investment strategy that will outlast the averages.
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