M mx5 26th Nov, 2009 #1 Hello, Does anyone know how the land tax in Vic is calculated? How much land tax a married couple have to pay if they have a 1 million dollar properties profilio in Vic? How much will the land tax be if the properties are registered under familiy trust? Thank you.
Hello, Does anyone know how the land tax in Vic is calculated? How much land tax a married couple have to pay if they have a 1 million dollar properties profilio in Vic? How much will the land tax be if the properties are registered under familiy trust? Thank you.
wobbycarly 26th Nov, 2009 #2 Check out http://www.sro.vic.gov.au/sro/SROna...575D20021EBE7C580F3A333F4AD44CA2575D10080AD1C And the calculator is here http://www.sro.vic.gov.au/SRO/SROCalcs.nsf/landtax?OpenForm And it's only calculated on the LAND VALUE, not the PORTFOLIO value. PPOR is exempt.
Check out http://www.sro.vic.gov.au/sro/SROna...575D20021EBE7C580F3A333F4AD44CA2575D10080AD1C And the calculator is here http://www.sro.vic.gov.au/SRO/SROCalcs.nsf/landtax?OpenForm And it's only calculated on the LAND VALUE, not the PORTFOLIO value. PPOR is exempt.