Land Tax
Circular No. 289
LAND TAX ANTI-AVOIDANCE PROVISIONS
BACKGROUND
As part of last year’s 2007 State Budget, the Government announced changes to the Land Tax Act 1936 to introduce anti-avoidance provisions to address the practice where owners of more than one piece of land avoid paying higher marginal rates of land tax by structuring their ownerships so that another party (or parties) hold a small minor interest in an individual piece of land thereby creating different legal ownerships (refer Circular No. 279).
Date of operation
The legislative amendments to implement this measure were contained in the Statutes Amendment (Budget 2007) Act 2007, and come into operation from midnight 30 June 2008.
FURTHER INFORMATION
Further information regarding these amendments may be obtained from RevenueSA.
Location
RevenueSA
State Administration Centre
200 Victoria Square East
ADELAIDE SA 5000
Telephone
(08) 8204 9870
Website
Postal
Commissioner of State Taxation
RevenueSA
GPO Box 1353
ADELAIDE SA 5001
Facsimile
(08) 8207 2100
16/6/2008
COMMISSIONER OF STATE TAXATION
