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Your Investment Property: Ultimate Land Tax Cheat Sheet


May 8, 2020


Property investment expert and Nitschke Nancarrow managing partner Kym Nitschke reveals key tips to manage property investment tax expenses, for Your Investment Property Magazine.

One factor that causes people to pause before pulling the trigger on a property investment is the fact that there are plenty of tax expenses attached.

There is capital gains tax on the gain in value, ongoing income tax on the rental profits, and unless your property is in the Northern Territory, another levy to be paid is land tax.

It is generally levied by the local state government on investment properties that have a total taxable value above the land tax threshold.

“Land tax is marketed by state governments as applying only to the large-scale property tycoons, but it can often affect mum-and-dad-style investors. It’s becoming increasingly important to state governments as a major revenue raiser, so one would imagine that it will be increased over time,” says Kym Nitschke, managing partner at Nitschke Nancarrow Chartered Accountants.

Get the full details by reading the article here.

Get advice

Want advice about your property investment strategy, financial plan, accounting or any other wealth need?

Contact Nitschke Nancarrow, specialists in accounting, financial planning, loans and finance, investment and business. We operate in Adelaide, Sydney, Melbourne and throughout Australia. Managing partner Kym Nitschke is available for a free initial discussion about your situation. Call us on (08) 8379 9950 or send me an email.

– Kym Nitschke

The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Taxation, legal and other matters referred to on this website are of a general nature only and are based on Nitschke Nancarrow’s  interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.

Nitschke Nancarrow specialises in accounting, tax and financial advice for superannuation. Contact us now for a no obligations discussion about your needs.

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