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Finance TaxationSAEASY

What land tax exemption is available for a principal place of residence in SA?

Correct Answer

B) A property used as the owner's principal place of residence is exempt from land tax

In SA, land used as the owner's principal place of residence is exempt from land tax. Land tax applies to other land holdings such as investment properties, commercial properties, and vacant land.

Answer Options
A
No exemption is available
B
A property used as the owner's principal place of residence is exempt from land tax
C
Only a 50% reduction in land tax applies
D
The exemption only applies to properties valued under $500,000

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Related Topics & Key Terms

Key Terms:

principal residence exemptionland tax exemptLand Tax Act 1936
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