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Land Tax Survey
The State Government has outlined its revised Land Tax proposal which will change the way Land Tax is levied. The top rate of Land Tax will become 2.4 per cent but will kick in for land portfolios valued at $1.1 million.
The proposed changes will aggregate the site values of land portfolios (including trusts).
Currently, the top rate of land tax is 3.7 per cent with top tax threshold for land portfolios valued at $1.3 million. Trusts were able to be created as a separate entity for land tax purposes, allowing each trust to pay land tax, rather than the value of the properties being aggregated and land tax to be paid on all properties owned by the trustee.
Please complete all questions you are comfortable with.
Do you own your business premises and/or an investment property?
Do you support the proposed changes to Land Tax?
Yes
No
Why?
If you are willing to provide this information, what is your current land tax bill and what is your expected Land tax increase? Please include the figures for each site:
If you are willing to provide this information, what is the percentage increase you expect to be facing under the proposed changes?
If you are facing an increase in costs to your business as a result of the proposed changes to land tax, what will you do?
Reduce profits
Increase costs to consumers
Reduce staff
Other
If you said 'Other', please provide detail
How do you believe the changes will have an impact on investment in South Australia?
Positively
Negatively
No change
Do you think the proposed land tax rates in South Australia are too high? If so, what alternative do you propose?
Have any of your properties been revalued by the Valuer-General?
Yes
No
If yes, what was the result of the revaluation and how will this effect your land tax bill?
If you are willing to provide this information, can you tell us the name of your business should we want to contact you? Your information will not be passed onto political parties, media, the business community or other members without your permission.
