Land tax
Compliance
Our land tax compliance program focuses on the incorrect application of exemptions and thresholds, and the identification of land owners who have failed to register for land tax.
Current initiatives
This year we are investigating:
liable landowners who have not registered with us for land tax
clients who we believe may have incorrectly claimed a 'Principal Place of Residence' (PPR), 'Primary Production Land' (PPL), or 'Boarding House' exemption
land owners who do not have their properties aggregated and who are claiming the benefit of multiple thresholds
lessees of Crown land who may not be aware of their land tax liability or have failed to comply with their obligations
clients who hold land as a special trust
related companies who are claiming the benefit of multiple thresholds and/or reduced tax rates by failing to declare group structures
owners of shares in home unit companies that failed to declare a liability.
Common errors
The most common errors for land tax returns include:
failing to advise that a property which has claimed a PPR exemption is leased
incorrectly claiming a PPL exemption where land is used as a hobby farm or otherwise not for profit
failing to list ownership by a trust, or incorrectly listing the type of trust
failing to declare company group structures
failing to advise of a change in land use
failing to advise all land holdings including part interests in land.
More information
