Land Tax Changes – The Consultation Proposals
In the 2019-2020 Budget the Treasurer announced "the government is also introducing targeted measures to crack down on individuals and companies who have reduced their land tax bills by setting up complex legal structures to avoid the land tax aggregation provisions of the Act:…”. Since then there has been constant media attention and comment about the proposed changes and their impact.
A Bill entitled the Land Tax (Miscellaneous) Amendment Bill 2019 has now been released for consultation and discussion.
This presentation will describe more generally the proposed changes and in particular will describe and comment on: