Land Tax - are you liable?

Are you liable for land tax on your investment properties?

Land Tax is an Australian state tax which varies from state to state. Some states have an exemption threshold which applies before land tax is levied.

Thresholds may be different depending upon whether you buy the properties in your own name or in an entity.

Larger property portfolios will generally attract land tax and it is your responsibility to find out if you are liable for land tax or not.

Land tax is worth considering both for your current holdings and future acquisitions.

It is best if you consult your accountant for specific advice regarding your particular circumstances.

In the interview I recorded with Australian tax accountant Ed Chan, he talks about ways of minimising land tax on your property portfolio.

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets