Yes. INDIVIDUAL share of all assessable land is what is assessed. Land tax is a personal tax. SOMETIMES other assessments get issued but it always counts to the individual at the end. This is the secondary assessment system. Secondary assts get issued only if primary assessment of the entity is...
Of course there is a way to double dip thresholds....
1. Diverse property not all in NSW.
2. SMSF gets a separate t'hold.
3. Company ownership of units in a UT. Co gets a separate t'hold BUT remember no CGT benefits. A company can be an ideal short term unit trust investor in some cases...
