They're taxed at a flat rate of 1.6 per cent for amounts up to the premium land tax threshold, then at 2 per cent.

2 мар. 2021 г. · A discretionary trust and some unit trusts (ie non fixed units trusts) do not receive this threshold and are taxed at a flat rate of 1.6% of the taxable value ...

Special trusts do not receive the benefit of the land tax threshold. $600,000 (total land value) x $1.6% (general land tax rate) = $9,600. Note – A premium ...

If you operate a discretionary trust which owns real property, it will have been assessed as a 'special trust' which is not entitled to the land tax threshold.

26 апр. 2024 г. · General threshold: $100 plus 1.6 per cent of land value above the threshold, up to the premium threshold. Premium threshold: $88,036 plus 2 per ...

2 нояб. 2020 г. · A trust created by a Will receives the land tax threshold. However, a discretionary testamentary trust turns into a special trust two years ...

25 мая 2023 г. · Discretionary trusts (also known as family trusts) are not eligible for the land tax threshold and will have to pay tax on the total value ...

This resulted in unit trusts which hold land in NSW to lose the land tax-free threshold, and as a result a higher land tax bill. The NSW Treasurer in the 2006/ ...

A trust is a fixed trust if persons (ie, individuals, companies, trusts, etc.) have fixed entitlements to all of the income and capital of the trust.