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WARNING! THIS PAGE MAY NOT BE UP TO DATE
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As we no longer have the resources to keep it up to date, this website ceased to be a subscription website from March 2022
(last annual subscription accepted in December 2020)
You should not rely on it for the most up to date information. Having said that, we do update some of it from time to time.
You may still find some of it useful.
You may wish to use the atotaxrates.info website instead, which may be more up to date.
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* Please click on maximise [+], not the titles, to display the contents of any hidden containers *
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What is the Land Tax Threshold?
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This threshold varies from State to State. If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Land Tax is tax levied on the owners of the land on the relevant date. Joint owners are initially assessed as if they are a single owner but a deduction is allowed to avoid double taxation.
* The ACT levy it on ownership at midnight on the first day of the quarter.
* Tasmania levy it on ownership on 1st July.
* NSW and Victoria levy it on ownership at midnight on 31 December of the previous year.
* Qld, SA and WA levy it on ownership at midnight on 30 June.
Trusts
In some States qualifying fixed trusts are entitled to the land tax free threshold. Discretionary trusts, on the other hand, do not receive the threshold and are taxed from the first dollar in land value. The trust deed provisions which are important are:
> Clauses giving the trustee the power to accumulate
> The absence of clauses expressly providing that the unit holders are presently entitled to trust capital and can require the trustee to wind up the trust and distribute the property to the unit holders.
> The identity of the unit holders to determine if they are held by discretionary trusts, in which case the land tax free threshold is lost at the secondary land-owner level.
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Foreign Investor Land Tax Surcharge (NSW and Victoria)
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From 2017, "foreign" investors who own residential real estate in NSW and Victoria pay a new and ongoing additional land tax surcharge , in addition to the usual land tax and are also denied the tax free threshold too.
Refer to the links below for more information
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Thresholds - Calendar Year 2023 and Financial Year 2022/2023
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1st Day of Quarter
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NSW
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$969,000
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$969,000
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$5,925,000
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31/12/2022
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2022
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SA
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$534,000
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$534,000**
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30/6/2022
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TAS
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$100,000
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$100,000
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01/7/2022
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VIC
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$300,000
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$300,000* |
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31/12/2022
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WA
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$300,000
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$300,000
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30/6/2022
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2022 and Financial year 2021/2022
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1st Day of Quarter
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NSW
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$822,000
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$822,000
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$5,026,000
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31/12/2021
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2021
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SA
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$482,000
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$482,000**
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30/6/2021
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TAS
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$50,000
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$50,000
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01/7/2021
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VIC
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$300,000
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$300,000* |
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31/12/2021
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WA
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$300,000
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$300,000
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30/6/2021
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds - Calender Year 2021 and Financial Year 2020/2021
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1st Day of Quarter
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NSW
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$755,000
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$755,000
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$4,616,000
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31/12/2020
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2020
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SA
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$450,000
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$450,000**
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30/6/2020
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TAS
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$25,000
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$25,000
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01/7/2020
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VIC
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$250,000
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$250,000*
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31/12/2020
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WA
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$300,000
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$300,000
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30/6/2020
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds - Calendar Year 2020 and Financial Year 2019/2020
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1st Day of Quarter
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NSW
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$734,000
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$734,000
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$4,488,000
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31/12/2019
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NT
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No Land Tax
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No Land Tax
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QLD
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$599,000
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$349,999
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30/6/2019
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SA
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$391,000
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$391,000
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30/6/2019
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TAS
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$24,999
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$24,999
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01/7/2019
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VIC
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$250,000
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$250,000*
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31/12/2019
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WA
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$300,000
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$300,000
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30/6/2019
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2019 and Financial year 2019/2020
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1st Day of Quarter
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NSW
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$692,000
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$692,000
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$4,231,000
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31/12/2018
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2018
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SA
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$369,000
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$369,000
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30/6/2018
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TAS
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$25,000
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$25,000
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01/07/2018
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VIC
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$250,000
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$250,000*
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31/12/2018
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WA
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$300,000
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$300,000
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30/6/2018
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2018 and Financial year 2018/2019
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/ **
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1ST Day of Quarter
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NSW
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$629,000
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$629,000
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$3,846,000
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31/12/2017
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2018
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SA
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$369,000
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$369,000
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30/6/2018
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TAS
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$25,000
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$25,000
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01/07/2018
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VIC
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$250,000
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$250,000*
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31/12/2017
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WA
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$300,000
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$300,000
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30/6/2018
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* Surcharge may apply above $25,000.
** Some trusts do not qualify for the land tax threshold
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Surcharge may apply for absentee landlords
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2017 and Financial year 2017/2018
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1ST Day of Quarter
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NSW
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$549,000
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$549,000
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$3,357,000
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31/12/2016
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2017
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SA
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$353,000
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$332,000
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30/6/2017
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TAS
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$25000
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$25,000
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01/07/2017
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VIC
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$250,000
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$250,000*
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31/12/2016
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WA
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$300,000
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$300,000
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30/6/2017
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*Surcharge may apply above $25,000.
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2016 and Financial year 2016/2017
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State
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Individuals Annual Threshold
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Companies/Trustees/ Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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NIL
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NIL
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NIL
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1ST Day of Quarter
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NSW
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$482,000
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$482,000
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$2,947,000
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31/12/2015
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/6/2016
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SA
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$332,000
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$332,000
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30/6/2016
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TAS
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$25000
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$25,000
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01/07/2016
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VIC
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$250,000
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$250,000*
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31/12/2015
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WA
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$300,000
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$300,000
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30/6/2016
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*Surcharge may apply above $25,000.
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2015 and Financial year 2015/2016
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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Nil
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Nil
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1ST Day
of Quarter
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NSW
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$432,000
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$432,000
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$2,641,000
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31/12/2014
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$350,000
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30/06/2015
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SA
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$323,000
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$323,000
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30/06/2015
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TAS
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$25,000
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$25,000
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01/07/2015
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VIC
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$250,000
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$250,000*
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31/12/2014
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WA
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$300,000
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$300,000
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30/06/2015
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*Surcharge may apply above $25,000.
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2014 and Financial year 2014/2015
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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Nil
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Nil
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1ST Day
of Quarter
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NSW
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$412,000
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$412,000
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$2,519,000
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31/12/2013
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NT
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No Land Tax
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No Land Tax
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QLD
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$600,000
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$310,000
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30/06/2014
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SA
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$316,000
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$316,000
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30/06/2014
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TAS
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$25,000
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$25,000
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01/07/2014
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VIC
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$250,000
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$250,000*
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31/12/2013
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WA
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$300,000
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$300,000
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30/06/2014
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*Surcharge may apply above $25,000.
If the value of the combined taxable land you own in each State is less than the threshold, you are exempt from land tax in that State.
Refer to the links below for more details on each state.
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Thresholds - Calendar year 2013 and Financial Year 2013/2014
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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Nil
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Nil
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1ST Day
of Quarter
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NSW
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$406,000
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$406,000
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$2,482,000
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31/12/2012
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NT
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No Land Tax
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No Land Tax
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QLD
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$599,999
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$349,999
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30/06/2013
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SA
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$316,000
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$316,000
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30/06/2013
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TAS
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$25,000
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$25,000
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01/07/2013
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VIC
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$250,000
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$250,000*
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31/12/2012
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WA
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$300,000
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$300,000
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30/06/2013
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*Surcharge may apply above $25,000.
Refer to the links below for more details on each state.
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Thresholds - Calendar year 2012 and Financial year 2012/2013
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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Nil
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Nil
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1ST Day
of Quarter
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NSW
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$396,000
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$396,000
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$2,421,000
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31/12/2011
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NT
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No Land Tax
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No Land Tax
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QLD
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$599,999
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$349,999
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30/06/2012
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SA
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$316,000
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$316,000
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30/06/2012
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TAS
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$25,000
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$25,000
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01/07/2012
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VIC
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$250,000
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$250,000*
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31/12/2011
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WA
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$300,000
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$300,000
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30/06/2012
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*Surcharge may apply above $25,000.
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2011 and Financial year 2011/2012
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
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Nil
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Nil
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1ST Day
of Quarter
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NSW
|
$387,000
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$387,000
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$2,366,000
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31/12/2010
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NT
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No Land Tax
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No Land Tax
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QLD
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$599,999
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$349,999
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30/06/2011
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SA
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$316,000
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$316,000
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30/06/2011
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TAS
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$25,000
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$25,000
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01/07/2011
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VIC
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$250,000
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$250,000*
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31/12/2010
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WA
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$300,000
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$300,000
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30/06/2011
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*Surcharge may apply above $25,000.
Refer to the links below for more details on each state.
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Thresholds – Calendar year 2010 and Financial Year 2010/2011
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State
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Individuals
Annual Threshold
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Companies/Trustees/
Absentees/
Annual Threshold
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Premium Threshold
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Date of Ownership
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ACT
|
Nil
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Nil
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NSW
|
$376,000
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$376,000
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$2,299,000
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31/12/2009
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NT
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No Land Tax
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No Land Tax
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QLD
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$599,999
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$349,999
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30/06/2010
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SA
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$300,000
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$300,000
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30/06/2010
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TAS
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$25,000
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$25,000
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01/07/2010
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VIC
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$250,000
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$250,000*
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31/12/2009
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WA
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$300,000
|
$300,000
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30/06/2010
|
*Surcharge may apply above $25,000.
Refer to the links below for more details on each state.
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Links to expert information on Land Tax
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This page was last edited on 15 March 2023
Fdbco.au - An Online Quick Reference Library for Tax Agents and Financial Planners
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