Land tax around Australia
Yes. I can hear you complaining. How boring is land tax? Well you will find it intensely interesting if you understand the thresholds and consider the implications when making your next property purchase.
Outlined below are land tax thresholds for each State and Territory. Of course, you will need to obtain advice from your accountant about your specific situation and discuss the thresholds when considering your next property purchase.
Note that these thresholds are for individuals and normally excludes the principal place of residence. Buying in other structures (SMSFs, companies, trusts) will often have lower thresholds or even none at all in some cases.
There is no land tax in the Northern Territory.
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Debra Beck-Mewing is the CEO of Crave Property Advisory, and has more than 20 years’ experience in property investing, Australia-wide. She has used a range of strategies to build her property portfolio including renovating, granny flats, sub-division and development. Debra is skilled in identifying development opportunities, and sourcing properties that have multiple uses and multiple exit strategies. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business.
Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.
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