Land tax NSW – Increases to threshold values
Land tax thresholds are indexed to rise on 1 January each year.
The 2020 threshold combined land value will increase to $734,000 for all liable land. Special trusts and non-concessional companies are excepted.
A marginal tax rate of 1.6% of the aggregate taxable value above the tax-free threshold plus $100 applies.
If the aggregate taxable value exceeds the premium rate threshold of $4,488,000 then $60,164 is payable plus a marginal tax rate of 2% over that amount.
All relevant commentary and precedents in By Lawyers Conveyancing & Property Guides have been updated accordingly.
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