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Land Tax Arrears
Refer ATO ID 2010/192 http://law.ato.gov.au/atolaw/view.htm?docid=%22AID%2FAID2010192%2F00001%22 It deals with arrears but as it states "In the present circumstances, the taxpayer incurred a liability to pay land tax under the provisions of the state legislation at the start of each calendar...- coastymike
- Post #7
- Forum: Accounting and Tax
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Land Tax Arrears
Whether you pay by instalments or not makes no difference. According to the ATO ID above it is based in when the liability was incurred as to when the deduction can be claimed.- coastymike
- Post #5
- Forum: Accounting and Tax
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Land Tax Arrears
Yes a good reason to register for Land Tax from the time of purchase. You may not be subject to Land Tax but at least if you have registered you won't be in for a nasty surprise later on.- coastymike
- Post #3
- Forum: Accounting and Tax
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Land Tax Arrears
Some people are of the view that you can claim Land Tax Arrears in the year in which you paid the amount from the notice from the OSR. Not correct. Must be claimed for years to which it relates. Could be nasty if you can only amend 2 years worth of returns and land tax arrears is for many...- coastymike
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- Replies: 8
- Forum: Accounting and Tax