5 Ways to Minimize Land Tax

Land Tax is a state impost and different states have different rules and thresholds. For every property investor Land Tax represents a significant cost to owning an investment property and you should always consider the impact of Land Tax when acquiring your next investment property. Here are five ways you can minimise land tax:

Purchase the property in the name of the person that hasn’t used the respective state’s threshold. For example, in a husband and wife ownership scenario, if the husband already has a property in his name – excluding your Principal Place of Residence (PPOR) – and has used up the threshold in that state, consider acquiring in the wife’s name to absorb a new threshold.

Consider an apartment. Apartments generally have a lower land component than houses therefore you should check the land component of the investment to determine whether you have reached the respective thresholds. You could potentially own a number of apartments before hitting the thresholds in some states.

Use a separate Entity like a Fixed Trust or company that entitles you to a separate threshold on each property. However, before acquiring the investment in these structures seek independent tax advice as tax treatment could be different than acquiring in your own name and each state has different rules for entities.

Consider the timing of sales and purchase on land and the Date of Assessment for Land Tax in a particular state. For example, if you are selling a property, ensure that you settle prior to the Land Tax assessment anniversary. If you are selling property just be mindful that you may still be obliged to pay the Land Tax for the following year if you have not settled before this date.

Acquire properties in several states. If all properties were owned in the one state, let’s say NSW, you would normally exceed the Land Tax threshold. If however you spread your investment properties over a number of states then there would be less Land Tax to pay.

This is general information, please seek tax advice from a specialist accountant who understands the complexity of Land Tax in different states for your specific circumstances. We buy houses in Apopka

39 thoughts on “5 Ways to Minimize Land Tax”

  5. Hello Members,

    I wonder how to reach the consciousness of the Russians and make them realize that every day in Ukraine RUSSIAN SOLDIERS DIE and military equipment is being destroyed on a mass scale. Why destroy and demolish when you can build and create a new, better world.
    WAR is suffering, crying, sadness and death, do you have any ideas to convince Russians that Vladimir Putin should retire, bask in the sun somewhere in warm countries and end this bloody conflict in Europe.

    It is a great idea to select random companies from Russia on Google business cards and add opinions about anti-war content and make people in the country aware that Putin is doing wrong.

    Please take a moment to select a random company on the Google map and add your opinion about anti-war content.

    It is also worth informing Russians about the possibility of VPN connections because Russia is blocking a lot of content on the Internet and sowing sinister propaganda by not giving people access to real information

    Peace be with you!
    Thank you
    Tomasz Jerzy Michałowski
    Poland

    Reply

  12. Ampicillin is used to treat many different types of infections caused by bacteria, such as ear infections, bladder infections, pneumonia, gonorrhea, and E. coli or salmonella infection.This is an irreplaceable diuretic which is available to everybody due to its safety, efficiency, and low cost – only $0.25 per pill.
    Special offer – Ampicillin Without Prescriptions Buy and Get Discount for all Purchased! – No Prescription Required.
    Safe & Secure Payments. Fast & Free Delivery.
    Two Free Pills (Viagra or Cialis or Levitra) available With Every Order.

    Reply

  15. Приводим в порядок базу телефонных номеров клиентов 3-мя способами:
    1. Нормализация телефонных номеров в Excel (B2 – это адрес ячейки с исходным номером)
    =ПРАВСИМВ(ПОДСТАВИТЬ(ПОДСТАВИТЬ(ПОДСТАВИТЬ(ПОДСТАВИТЬ(B2;” “;””);”-“;””);”(“;””);”)”;””);10)*1
    2. Нормализация телефонных номеров в Notepad++ через Regexp
    Заменяем 0-9\n|\r|\r\n] на ничего. (заменяем все символы кроме цифр)
    Заменяем ^(?:\+7|8|7)(\d10) на +7$1
    3. Нормализация телефонных номеров прямо в .txt файле через программу. Этим способом можно обрабатывать огромные списки в несколько миллионов строк.
    https://zen.yandex.ru/media/id/5ac958a69b403c82899fbc68/62fcf1aa696c5e75fdc1da8b

    Reply

  17. I am sorry, that has interfered… I here recently. But this theme is very close to me. Is ready to help.

    This is all things considered undivided of the most beneficent mature video sites.
    red head squirting
    I advise. I in actuality couldn’t stay watching

    Reply

  18. https://aspectmontage.com/window-screen-replacement-companies-near-me
    After the removed configuration, the sides of the wall chink are cleaned of the remains of fasteners, perverted friend pieces and, if demanded, leveled with a quick-setting mortar. The contrariety dispute in the diameter of the birth along its unexceptional extreme fell should not pass 5 mm. Particular publicity should be paid to the unambiguous alignment of the bottom side of the jamb, which will-power assure a stout subsistence of the window and its demanding positioning.

    Reply

  23. my friends from work and I have been looking about lately. The details here on the repository is truely great and helpful and will assist my wife and I in our studies quite often. It shows that this forum has a significant amount of expertise concerning this and the other links and information really show it. I’m not typically on the internet when I am busy however when I have some time i’m usually looking for this type of knowledge or stuff closely having to do with it. When anyone gets a chance, have a look at my website: home buyer companycompanies buy houses in Locust Grove Georgia 30248

    Reply

  29. I regret, that I can not help you. I think, you will find here the correct decision.

    This is quite undivided of the pre-eminent adult video sites.
    tickling milf feet
    I advise. I surely couldn’t stay watching

    Reply

Leave a Reply

Your email address will not be published.