I am trying to work out if you own property that is a daycare centre in NSW, where it's tenanted by a daycare business who pays you rent, as the property owner are you exempt from land tax?
This is from OSR website: http://www.osr.nsw.gov.au/taxes/land/exemptions/other/
This is from NSW Legislation website under point 10(g)(ii): http://www.legislation.nsw.gov.au/maintop/view/inforce/act+26+1956+pt.3+0+N
Looking at the above, I am presuming that it doesn't matter if you own the property personally or in a discretionary, unit or hybrid trust, you should be exempt from any land tax. Does this seem correct?
This is from OSR website: http://www.osr.nsw.gov.au/taxes/land/exemptions/other/
land used for a child care centre, where the centre is licensed under the Children and Young Persons Act 1988 and where it is used for the provision of a child care service
This is from NSW Legislation website under point 10(g)(ii): http://www.legislation.nsw.gov.au/maintop/view/inforce/act+26+1956+pt.3+0+N
(g) land owned by or in trust for any person or society and used or occupied by that person or society solely as a site for:
(i) a place of worship for a religious society, or a place of residence for any clergy or ministers or order of a religious society,
(ii) the provision of a child care service the subject of a licence under the Children and Young Persons (Care and Protection) Act 1998 or a school registered under the Education Act 1990,
Looking at the above, I am presuming that it doesn't matter if you own the property personally or in a discretionary, unit or hybrid trust, you should be exempt from any land tax. Does this seem correct?