Hey,
Newbie question but I'm happy to embarass myself with it lol
So I hear a lot of people calling for no land tax at the moment in Sydney.. E
How is land tax calculated? Is it calculated on the purchase price or the current value?
If current value, how is value determined firstly? Secondly, if the value goes up or down does that mean you're paying more or less tax?
Sorry for the silly question.. It's not so much about the brackets that the value is in, just more so is it calculated on purchase price or current value.. Haven't found anything when I searched on google..
Newbie question but I'm happy to embarass myself with it lol
So I hear a lot of people calling for no land tax at the moment in Sydney.. E
How is land tax calculated? Is it calculated on the purchase price or the current value?
If current value, how is value determined firstly? Secondly, if the value goes up or down does that mean you're paying more or less tax?
Sorry for the silly question.. It's not so much about the brackets that the value is in, just more so is it calculated on purchase price or current value.. Haven't found anything when I searched on google..