MWL FINANCIAL GROUP
SECTION – PROPERTY EXPERT
SUBJECT – Land tax
Hi I'm Jeff Banks, Business Advisor with over 30 years experience at MWL Financial Group specialising in property transactions.
Land tax is a state based tax and in some states is levied on the unimproved value of land held at 31st December each year.
There are exemptions for principal place of residence and some other types of land.
Each state levies land tax differently and has different thresholds where the tax comes into play. There are also special rules in some states for properties held by trusts. Every investment land owner should be registered for Land Tax in each jurisdiction in which they own property.
For more information contact us at email@example.com and either me, Jeff Banks or one of our experts will be more than happy to help.