ACT – State Taxes – 2017 Budget announcements: land tax on residences unless ‘PPR’; conveyance rates on commercial properties separated to allow them to phased out; rates and gaming tax rebate
On Tuesday 6 June 2017, the 2017-18 ACT Budget was handed down. Revenue-related measures announced include: From 1 July 2018, the Government will extend land tax to all residential dwellings that are not the owner’s principal place of residence, whether they are rented or not. Under the current system, land tax is only charged on residential properties…