WebJan 16, 2024 · If you're an eligible first home buyer, you have the choice to pay an annual property tax instead of stamp duty. If you signed a contract of purchase between 11 November 2024 and 15 January 2024, you can claim a refund of the stamp duty paid through the Revenue NSW website until 30 June 2024. Use the First Home Buyer Choice … WebA 4% cap has been introduced to provide some assurance to first home buyers who opt into property tax, that their annual liability will not inflate by more than 4%, even if their land …

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WebStarts at $275 + 0.2% of amount above $250,000 then increases for land value >$600,000. Surcharge (land held on trust) $25,000 and above. Starts at $82 + 0.375% of amount above $25,000 then increases for land value >$250,000. For all Victorian Land Tax Calculations refer to the State Revenue Office Victoria website. WebDec 18, 2024 · In NSW, land tax is calculated at a standard rate of $100 plus 1.6% of land value over the threshold. So, in the same scenario above, the amount of land tax you’d … the gate and the key

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WebFeb 21, 2024 · For land holdings with a taxable value not less than $25,000 but less than $1.8 million, the land tax rate for trusts is the surcharge rate of 0.375 per cent plus the general rate. * The surcharge starts to phase out for land holdings in excess of $1.8 million. WebHow much is the land tax in NSW? All states and territories, except the Northern Territory, charge land tax at different rates and using different thresholds. In NSW, for example, land tax in 2024 kicks in when the value is more than $629,000 and is charged at a rate of $100 plus 1.6% up to the premium threshold of $3,846,000, then 2% over that. WebThe NSW Land Tax Threshold for 2024 is $822,000. In NSW, land tax is calculated as $100 + 1.6% of the land value over $822,000. For instance, a property with a $1,000,000 land … the ancient greek scytale