SA land tax developments: Aggregation avalanche
Source: Taxation In Australia Journal Article
Published Date: 1 Nov 2019
The South Australian Marshall Government has committed itself to a significant, and what has proved to be controversial, reform of the state's land tax regime. Proposed to commence from 1 July 2020, the new measures will, if passed by the South Australian Parliament, introduce sweeping aggregation changes that seek to group related companies for land tax purposes and aggregate based on each owner's fractional interests in land. There will also be a shift towards imposing a surcharge on trust landowners in certain circumstances in common with some other states. This article considers the mechanics and planning issues associated with the proposed measures. It will be of relevance to advisers acting for landowners in South Australia
and groups considering acquiring land in South Australia.
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Details
- Published By: Peter Slegers CTA, Josh Pascale, Daniel Marateo
- Published On:1 Nov 2019
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