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Statutory Allowances
- There are certain statutory allowances a land owner can apply for to reduce either the value
of their property and (if they also pay land tax) their land tax liability.
- These statutory allowances can relate to the size of the land, the zoning of the land, improvements
on the land, and other factors.
- These allowances may be sought at any time. Some of them may even be sought and granted
retrospectively.
- The legislation is complex in this area and as a result, many taxpayers are unaware of and
fail to claim their statutory entitlements. Some taxpayers continue to pay higher amounts of
land tax over many years.
- In some cases, the Office of State Revenue will automatically include the allowance in an
assessment and no further action need be taken by the property owner/tax payer to secure the
allowance.
- In other cases however, the taxpayer needs to lodge a separate special application each
year in order to gain the alllowance.
- Where an application for a statutory allowance has been disallowed, taxpayers should consider
their rights of appeal against the decision.
For further information contact:
Simon Singer
Phone 9212 1099
Email ssinger@dls-lawyers.com
David Singer
Phone 9212 1099
Email dsinger@dls-lawyers.com
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