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SA land tax developments: Aggregation avalanche
Published on 01 Nov 19 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The South Australian Marshall Government has committed itself to a significant, and what has proved to be controversial, reform of the state’s land tax regime. Proposed to commence from 1 July 2020, the new measures will, if passed by the South Australian Parliament, introduce sweeping aggregation changes that seek to group related companies for land tax purposes and aggregate based on each owner’s fractional interests in land. There will also be a shift towards imposing a surcharge on trust landowners in certain circumstances in common with some other states. This article considers the mechanics and planning issues associated with the proposed measures. It will be of relevance to advisers acting for landowners in South Australia
and groups considering acquiring land in South Australia.
Author profiles
Peter Slegers CTA
Peter Slegers, CTA, heads Cowell Clarke’s Tax & Revenue, Superannuation and Private Client practice groups. Peter advises and acts for a wide range of public and private companies and high net worth individuals and families. Peter’s areas of expertise include income tax (as it impacts on business and high net worth clients), capital gains tax, goods and services tax, state taxes, trust law and superannuation law. Peter has published numerous papers on trust structures and has considerable experience in this area. Peter is also a co-author of the Tax Institute’s SMSF Income Stream Guide and Cowell Clarke’s Australian Agribusiness Advisers’ Guide.
- Current at
16 April 2024
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