Pursuant to s 62TBA(7)(c) of the Land Tax Management Act 1956 (NSW), the amount of $412,000 has been determined as the tax threshold for the 2014 NSW land tax year (up from $406,000 for the 2013 land tax year). Further, pursuant to s 62TBC(4) of the Act, $2,519,000 has been determined as the premium rate threshold for the 2014 land tax year.
Source: NSW Government Gazette No 131, 11 October 2013 [pp 4470-71]
[LTN 213, 4/11/13]