Search results

If you are a vendor it is worth a shot.

But note the word 'normally'. Front page of the standard contract has a land tax adjustible box - with the default being NO (in capitals). I haven't seen any contracts where land tax has been adjustible as most purchasers won't accept this. If the vendor cops it they can usually deductible...

2 ways really 1. Different ownership 2. different states. don't forget that in NSW joint owners get a threshold of $432k between them while single owners get a threshold of $432k each. companies and SMSFs get their own thresholds - but seek advice before.

I bet there are people who got burned investing in property in NSW. Its like saying I won't eat Berry's because... If you want to invest in NSW you could consider other structures - but with more to consider than land tax.

Don't forget the other consequences - deductibility of interest, estate planning, asset protection - and changes to land tax laws!