Purchaser Transferee Declaration Individual 2023-2024 Form

Instructions and help about Revenue NSW Audits For Foreign Person Surcharge

Land tax + information = knowing what I need to do You may need to pay land tax if the total of all the land you own in NSW has a land value over the threshold. Land Tax generally does not apply to your home. Go to the Revenue.nsw.gov.au website to learn about exemptions that may apply to you. Land tax is calculated on your total landholdings in NSW as at midnight on 31 December of each year and includes: vacant land, including vacant rural land, holiday homes, investment properties, company title units, residential, commercial or industrial units, land leased from the government, crown or council land held in trust. To determine your taxable land value, we average your land value for the current year and the previous two years, using land values supplied annually by the Valuer General. Your land tax liability is calculated at the rate of one hundred dollars plus 1.6 per cent for every dollar of total land value over the threshold. Here’s a quick example of how basic land tax is ca