Saturday, 12 March 2011

Land tax calculator


FREEBIE LINK OF THE DAY
Land Tax Calculator

Land tax calculator
http://www.apps05.osr.nsw.gov.au/erevenue/calculators/landtax.php

Land tax online services available. Update your contact and property details.
This calculator will estimate the amount of your land tax liability in NSW.
This calculator does not include calculations for land owned by special trusts or related companies.
Read more information http://www.apps05.osr.nsw.gov.au/erevenue/calculators/landtax.php
Find the value of your land http://www.lands.nsw.gov.au/

Transfer of land or business calculator

This calculator will estimate the amount of duty you need to pay on the sale or transfer of land or a business in NSW.
Value includes any GST being paid by purchaser.
more info click here
http://www.apps05.osr.nsw.gov.au/erevenue/calculators/landsalesimple.php

Transfer land or business

This includes deferring the abolition of duty on the transfer of business assets (other than land), statutory licences or permissions to 1 July 2012.

Liability

A sale or transfer of land (including improvements) or a business in NSW is liable to duty.
It is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means.
A liability for duty arises when the sale or transfer occurs. However, if the sale or transfer is effected by a written instrument, liability for duty arises when the instrument is first executed.
Duty is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.
and

http://www.apps05.osr.nsw.gov.au/erevenue/calculators/landtax.php