Marco D. · 17 Sep

Land tax: how are you budgeting for it?

My first land tax bill in New South Wales landed this year and it was bigger than I planned for. Revenue NSW explains how it works: revenue.nsw.gov.au/taxes-duties-levies-royalties/land-tax How do you budget for it across states?

Land taxrevenue.nsw.gov.au

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5 replies

Sarah M. · 17 Sep
Each state has its own threshold, so holding across states can keep you under them. Not a reason to buy on its own though.
Ahmed H. · 17 Sep
I put a monthly amount into a separate account. The bill comes once a year, the saving doesn't.
James O. · 18 Sep
In Victoria it has gone up a lot in the last few years. Check the state revenue office each year.
Marco D. · 18 Sep
Separate account it is. Thanks.
Priya S. · 19 Sep
Also check if your property is held in a trust. The thresholds can be different.

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