Australia: Land tax measures included in 2021 budget (South Australia)

The South Australia 2021 budget includes land tax measures

The South Australia 2021 budget includes land tax measures

The South Australian government’s budget for 2021 includes a build-to-rent land tax discount and land tax measures.

The proposal for a 50% land tax discount would be available for new build-to-rent projects. The discount would reduce the land value for eligible projects for land tax purposes by 50% to the 2039-40 land tax year, and would apply when construction commences from 1 July 2021.

Regarding the land tax reforms introduced from July 2020, there would be further tax rate and threshold changes effective 1 July 2022. 

 

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