Free information about NSW state land tax
Numerous examples exist of a SLT agenda being used to undermine exclusively rental housing, let’s take just one. Continue reading “Rental housing undermined by State Land Tax”
Pittwater freehold housing (like many other local government areas) has been targeted with State Land Tax rate 1000% higher than the Pittwater council residential rate.
State land tax is designed to undermine freehold rental housing and holiday accommodation but media reports on the damage state land tax inflicts never raise the ‘How’ and ‘Why?’ questions.
Consider two blocks of flats in Bondi and Newtown. Both were exclusively rental housing stock but NSW State Land Tax was a prime factor in enforcing their subdivision into strata allotments. As exclusively rental housing requires a freehold site, only one tax-free threshold is allowed when subdivided into strata lots.