Pursuant to s 62TBA(7)(c) of the Land Tax Management Act 1956 (NSW), the amount of $432,000 has been determined as the tax threshold for the 2015 NSW land tax year (up from $412,000 for the 2014 land tax year). Further, pursuant to s 62TBC(4) of the Act, $2,614,000 has been determined as the premium rate threshold for the 2015 land tax year (up from $2,519,000 for the 2014 land tax year).
Source: NSW Government Gazette No 86, 10 October 2014 [p 3433]
[LTN 231, 28/11/14]