Or, what happens when property appears on more than one Land Tax Assessment?
Am I being charged land tax twice? Or, what happens when a property is on more than one Land Tax Assessment?
This video is intended as a guide only. We recommend you seek independent advice on state revenue matters and how they impact you and your circumstances.
In 2020-21 changes were introduced to the way land tax in South Australia is assessed and charged.
The changes mean that a parcel of land may appear on more than one Land Tax Assessment where it has more than one owner.
The same property could show on the joint ownership’s assessment and a share of the property could show on the individual owners’ assessments.
To stop people being taxed again on land already fully taxed in the joint ownership, individuals may receive a deduction which offsets their individual land tax.
A deduction is equal to an individual’s share of the land tax applied to the joint ownership.
In many cases the deduction will completely wipe out the individual’s land tax and where this happens, no Land Tax Assessment will be sent to that individual.
However, where the deduction doesn’t cancel out the individual’s land tax they will still receive an assessment which will be reduced by the amount of their deduction.
More information can be found at www.revenuesa.sa.gov.au/landtax