Larger, quicker SA land tax cuts announced

The SA Government has declared it will pursue an earlier and greater reduction in top land tax rates as a consequence of higher than anticipated land tax takes from its aggregation measures.

The South Australian (SA) State Government has announced further changes to its land tax reform package that will see its top marginal land tax rate decrease from 3.7 percent to 2.4 percent, effective from 1 July 2020.The changes will see the top marginal tax rate reduce from what is currently the highest in the nation to what the Government says is the average of all mainland states.The reduction will now also be implemented far more quickly than the original plan which would have seen the r...

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Authors: Anna Chong

Published Date: 11 September 2019