SRO Land Tax Investigations
Lombardi Partners are experiencing an influx of Land Held On Trust Investigation Notices from the SRO, where they are questioning the accuracy of information they are using to assess land tax for trust landowners. The Land Tax Act 2005 contains special rules for trusts and sets out a surcharge rate of land tax, higher than the general land tax rate, if the total land value is between $25,000 and $3… Read more