NSW StampDuty&Land Tax - Display Home Centers Australia.

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NSW StampDuty&Land Tax

NSW Land tax

What is land tax?

Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. You may be liable for land tax if you own or part-own:

vacant land, including vacant rural land
land where a house, residential unit or flat has been built
a holiday home
investment properties
company title units
residential, commercial or industrial units, including car spaces
commercial properties, including factories, shops and warehouses
land leased from state or local government

Rates and thresholds

2010: The Valuer General has determined that the land tax threshold for the 2010 land tax year is $376,000. The premium land tax threshold for the 2010 land tax year is $2,299,000.

2009: The Valuer General has determined that the land tax threshold for the 2009 land tax year is $368,000. The premium land tax threshold for the 2009 land tax year is $2,250,000.

The following sample calculations should be used as a guide only and not as a substitute for professional advice.

http://www.osr.nsw.gov.au/taxes/land/sample/

NSW Stamp Duty Mortgage

Abolition of NSW mortgage duty

http://www.osr.nsw.gov.au/taxes/mortgage/

Duty on mortgages for owner occupied housing was abolished on 1 September 2007.

Owner occupied housing

From 1 September 2007, mortgage duty is not chargeable if the mortgage secures an advance or advances made for the purpose.

Investment housing

From 1 July 2008, mortgage duty is not chargeable if the mortgage secures an advance or advances made for the purpose of investment housing and no other advances. Borrowers must be natural persons.

Mortgage Calculator

http://www.apps05.osr.nsw.gov.au/erevenue/calculators/mortgagestart.php