Land Tax Exemption Changes

On 19 September 2023, and as a result of the NSW Government’s 23/24 Budget, the Treasury and Revenue Legislation Amendment Bill 2023 (NSW) was introduced into Parliament which introduced changes to the Land Tax Management Act 1956 (NSW) which changes the eligibility for the land tax exemption relating to a person’s principal place of residence, where only one of the co-owners occupies the property.

For the most up to date information, please refer to the Revenue NSW website.

Should you wish to discuss this with one of our experienced Solicitors call Solari and Stock on 8525 2700, or click here to request an appointment with one of our Commercial Team.

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