With 31 December 2025 fast approaching, if you have not done so already, we encourage you to review/double check your property arrangements and documentation. Assessments for land tax and foreign surcharge are issued around this time, and understanding your obligations now can help you avoid unexpected liabilities.
Land tax is an area that Revenue NSW is regularly targeting in their audits and investigations. In our Tax & Super practice, we have advised and worked with a number of clients on two common land tax exemptions – the principal place of residence exemption and the primary production exemption.
The Treasury and Revenue Legislation Amendment Bill 2023 (NSW) (Bill) passed on 21 September 2023. The Bill implements the NSW Government’s 2023-24 Budget and makes some big tax changes that you need to be aware of.
In New South Wales, we have been waiting eagerly for the New South Wales government to introduce measures to provide land tax relief in relation
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