In WA, who is liable to pay land tax?
Correct Answer
B) Only owners of land that is not their principal place of residence, above a certain threshold value
WA land tax is assessed on the aggregated unimproved value of all taxable land owned by a person (or entity) as at 30 June each year. The owner's principal place of residence is exempt. Land tax applies to investment properties, vacant land, and commercial properties above the tax-free threshold.
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