The article discusses the non-discretionary trust and tax-free land tax threshold policy in New South Wales (NSW). An overview on the provisions for NSW land tax legislation as enacted in the Land Tax Management Act 1956 (LTMA), is presented. Also cited are the sections of LTMA along wi...
Landholder duty is charged on acquisitions of a significant interest (being 50 per cent or more) in private companies and unit trusts that directly or indirectly hold NSW land with an unencumbered value of $2 million or more. The NSW Government will amend the threshold of what constitutes a ...
Initially, Mr Perrottet floated a plan where 80 per cent of homes across the state would have had the option of paying an annual land tax and all buyers – regardless of whether they were first home buyers or not -would have been eligible. So the current reforms in that state fall a lo...