All Topics / Help Needed! / NSW land tax question

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  • Profile photo of aoao
    Participant
    @ao
    Join Date: 2006
    Post Count: 49
    December 19, 2006 - 11:02 am

    hi all
    just a quick simple question regarding land tax in NSW: on the government’s official website it says if the property is your PPOR then generally speaking you are exempted from paying land tax. if this is the case, how come i keep hearing quite a few of my friends complaining “ahhh it’s time to pay land tax again…”? Their properties are all their PPORs…

    am i missing anything here?
    any help appreciated,
    ao

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 20, 2006 - 12:06 am

    Land tax applies to PPOR if it is over a certain value. a luxury property tax. Maybe you have some rich friends?

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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