Big savings for ‘mum and dad’ investors as vast majority – or 92% – to pay less land tax, as top rate slashed to 2.4%

The Marshall Liberal Government has tonight announced details of its bold land tax reform package – including an immediate slashing of SA’s top marginal tax rate from the highest in the nation at 3.7% to just 2.4% (which is the average of all mainland states) – which will benefit tens of thousands of South Australians…

‘Intolerable, unfair’ system as 22,300 property ownerships shoulder the land tax burden

Detailed analysis conducted by Treasury has now revealed that 22,300 property ownerships comprising individuals, companies and trusts in South Australia own multiple properties and are already paying land tax on aggregated land values. Put simply, this means that many South Australians have continued to invest in property even though they might be paying land tax…