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Menu
  • Who We Help
    • Private Clients
    • Corporate Clients
  • How We Help
    • Establishing Wealth
    • Managing Wealth
    • Leveraging Wealth
    • Preserving Wealth
  • Practice Areas
    • Residential and Commercial Property
    • Wills and Estates
    • Corporate Advisory
    • Employment and Workplace Relations
    • Family Law
    • Finance
    • Insolvency
    • Intellectual Property
    • Land Tax
      • How Can We Help?
      • Land Tax in NSW
      • NSW Land Tax Objections
      • Statutory Allowances
      • Links
      • Recent Press Clippings
    • Planning and Environment
    • Building and Construction
    • Dispute Resolution
  • Our Philosophy
    • Wealth
    • Risk
    • Business
    • Property
    • Estate Planning
    • Legacy
  • About
    • Our Senior Team
    • Our History
    • Our Capabilities
    • Our Testimonials
    • Our Charitable Program
  • Insights
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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, Revenue New South Wales 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 allowance.
  • Where an application for a statutory allowance has been disallowed, taxpayers should consider their rights of appeal against the decision.

For further information, please contact us. 

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