Land tax in New South Wales is calculated at the end of each calendar year, which means eligible landowners must register with Revenue NSW now. Land tax is payable where the combined value of all taxable land, as assessed by the Valuer General, meets the threshold set each year by Revenue NSW. Primary residences and primary production land are generally exempt from land tax. For 2021 land tax will be calculated as follows: $100 plus 1.6 per cent of land value above the general threshold, being $755,000 and $60,164 plus two per cent of land value above the premium threshold, being $4,616,000. On 31 December land tax will be applied to land holdings for the full year. You can now register to manage your land tax online through the Revenue NSW website (click here). Contact Morgan + English for advice or assistance with managing your land tax.

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