Page 2721 - Week 07 - Thursday, 2 August 2018

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Land—tax
(Question No 1349)

Mr Coe asked the Treasurer, upon notice, on 11 May 2018:

Can the Treasurer provide a breakdown of the total number of land tax payers which have only paid for part of the quarter broken down by (a) suburb and (b) type of dwelling, such as houses, units or commercial properties, for each financial year from 2007-08 to 2017-18 to date.

Mr Barr: The answer to the member’s question is as follows:

See answer to Question on Notice 1347.

Land—tax
(Question No 1350)

Mr Coe asked the Treasurer, upon notice, on 11 May 2018:

Can the Treasurer provide a breakdown of the total number of prospective land tax payers who have received a land tax exemption broken down by (a) suburb and (b) type of dwelling, such as houses, units or commercial properties and (c) reason for exemption, for each financial year from 2007-08 to 2017-18 to date.

Mr Barr: The answer to the member’s question is as follows:

Land tax is currently payable where a house or unit is leased to tenants. Land tax is also payable by corporations where they own a house or unit.

Exemptions are provided under Section 11(2) and Section 12 of the Land Tax Act 2004.

Section 11(2) allows for an exemption of up to two years for corporations which are building new residential premises and the premises are to be sold by the corporation when finished.

Section 12 allows for exemptions on compassionate grounds. The ACT Revenue Office has granted two exemptions since 2012.

The following tables provide data on the number of exemptions, by suburb and financial year for exemptions granted under Section 11(2) for houses and units.

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