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  1. Paul@PFI

    Beware! SRO (Victoria) are on a warpath! Just got a land tax bill of 12k!

    All buyers in all states should register for land tax and ignore thresholds. They change as does value.
  2. Paul@PFI

    Beware! SRO (Victoria) are on a warpath! Just got a land tax bill of 12k!

    A Jandmoor style Trust ??? The ATO have issued warnings about following that decision. Especially if its Hybrid. Just remember everything you tell OSR will be known by ATO.
  3. Paul@PFI

    Beware! SRO (Victoria) are on a warpath! Just got a land tax bill of 12k!

    David - Good news. I read the OSR form and it is valid for UP TO 3 MONTHS from the date of the assessment. Off you go - Get some advice and get this moving so you can get the concession for at least part of the tax.
  4. Paul@PFI

    Beware! SRO (Victoria) are on a warpath! Just got a land tax bill of 12k!

    contains%20LTX-Trust-17%20OR%20[DocAdditionalKeywords]%20contains%20LTX-Trust-17"]This is the form you didn't complete. Specifically read : To nominate a PPR beneficiary of a discretionary or unit trust who is using the land as their PPR, the trustee needs to lodge the Trusts - Nomination of...
  5. Paul@PFI

    Beware! SRO (Victoria) are on a warpath! Just got a land tax bill of 12k!

    1. The land owner has an obligation to register for and pay land tax. I'm a property savvy accountant and I recommend all clients register at time of purchase regardless of the threshold or value. In Vic a trust has a threshold - Lower than individuals. Count yourself lucky. In NSW most trusts...
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