Land Tax:

In general terms, Land tax is the tax that is levied on people who own land in New South Wales as calculated at midnight on 31 December of each year. Broadly speaking, land tax is not payable on your home (being your principle place of residence) or land that is used for primary production (a farm). In New South Wales, you will generally be liable to pay land tax where you own or partly own:

• Land where a house, flat or residential unit has been built;
• A holiday home;
• Vacant land;
• Rural vacant land;
• An investment property;
• Your share in a company title unit;
• Commercial property (for example a factory, shop or warehouse);
• A residential unit;
• A commercial or industrial unit (which can include ownership of a car space); and
• Land that you lease from the State or the Local government.

Navado Lawyers and Solicitors and our team of tax lawyers understand the unique and diverse area of land tax law. We are able to provide you with legal tax advice in the following areas:

• The preparation and lodgment of land tax returns;
• Tax advice on the re-structure of your assets to help minimise your liability to pay land tax;
• Advice on objecting to a land tax assessment;
• Assistance in lodging an appeal against a land tax assessment;
• Applications for the remission of penalties or fines that have been imposed by the Office of State Revenue (OSR); and
• General land tax advice.

If you feel that the valuation on your property is inaccurate and you have received a land tax assessment that does not represent the true value of the property, we recommend that you speak with one of our land tax lawyers as you may be able to lodge an objection to the land tax valuation. There are strict time limits in which you must lodge an objection. Currently in New South Wales, you have 60 days to lodge an objection with the Office of State Revenue in relation to your land tax valuation.

Land tax may appear to be a daunting and complex area of taxation law, however with proper legal advice this can be dispelled. If you are unsure as to what your land tax obligations may be, you should contact our firm by telephone on (02) 9233 4048 or send an email to info@navado.com.au to organise a meeting with one of our tax lawyers to discuss what your land tax liability may be. 

This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.