A colleague of mine has just bought a new PPOR in Melbourne. The property is currently tenanted and therefore the owner pays land tax.
Her conveyancer is telling her that she has to pay the remainder of the 2010 land tax assessment, even though it's her genuine PPOR? She will settle in about May/June.
I've seen clauses in contracts before that state that the purchaser agrees to pay the land tax bill for the remainder of the asessment year upon settlement, but I've always assumed that is only relevant is the property continues to be used as an investment?
Her conveyancer is telling her that she has to pay the remainder of the 2010 land tax assessment, even though it's her genuine PPOR? She will settle in about May/June.
I've seen clauses in contracts before that state that the purchaser agrees to pay the land tax bill for the remainder of the asessment year upon settlement, but I've always assumed that is only relevant is the property continues to be used as an investment?