In WA, who is liable to pay land tax?
Correct Answer
B) Owners of taxable land other than their home, where the total value exceeds the threshold
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.
Why This Is the Correct Answer
WA land tax is charged on the aggregated unimproved value of taxable land, excluding the owner's home, above the tax-free threshold.
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