Page 2033 - Week 06 - Thursday, 9 June 2022
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(7) When is land tax payable on residential units once a development is unit titled, in the instance where there are units still unsold by the developer and untenanted.
Mr Barr: The answer to the member’s question is as follows:
(1) and (4) The number of properties paying land tax fluctuates throughout the year as properties may change hands, or transition in and out of rental arrangements. The data on the number of dwellings currently paying land tax can therefore vary from quarter to quarter.
The data for the 2021-22 year is not yet available. In 2020-21, there were 52,389 properties subject to land tax in at least one quarter. The average number of properties subject to land tax per quarter in 2020-21 was 47,003.
The mean and median land tax amounts payable for properties in the ACT in 2020-21 are approximately $2,875 and $2,560, respectively.
(2) and (3) Land tax applies to all residential properties that are not occupied as an owner’s principal place of residence. Most land tax liability is self-assessed, whereby owners notify the ACT Revenue Office that a property they own is liable for land tax.
The ACT Revenue Office does not estimate the number of dwellings that may owe land tax but are not registered to pay it. However, the ACT Revenue Office does have an active compliance program that detects land tax liabilities.
The ACT Revenue Office has regard to rental information such as rental bonds, rental income or rent roll data, as well as utilities and car registration data to support its investigations and assessments of land tax.
(5) Land tax exemptions are self-assessed. The ACT Revenue Office does not collect comprehensive data on the total number of properties with an exemption.
(6) The reason land tax is payable is not collected.
(7) Land tax applies to an unsold and untenanted property in a unit titled development two quarters from the time the Certificate of Occupancy is issued.
Housing—short-term rentals
(Question No 730)
Ms Clay asked the Attorney-General, upon notice, on 8 April 2022 (redirected to the Treasurer):
(1) How many whole dwellings are currently being used as short-term rental accommodation (eg, Airbnb) in the ACT.
(2) How many rental bonds are currently lodged with the ACT Revenue Office.
(3) How many dwellings does the Government estimate should have rental bonds lodged which do not currently.
(4) How does the ACT Government investigate whether a property should have lodged a rental bond but has not.
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