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Understand how companies and related companies are assessed for land tax in NSW, what thresholds apply and when a company may be liable for surcharge land tax.
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Companies
For land tax purposes, a company includes all bodies or associations, corporate or unincorporated.
Companies receive the benefit of the land tax threshold. They are liable for land tax when the total taxable value of all the land they own in NSW, is above the land tax threshold.
The taxable value of your land is based on the annual land valuation determined by the NSW Valuer General.
Land owned by companies may be eligible for a land tax exemption depending on how the land is used.
Related companies
A company is related if:
it controls the composition of the board of directors of the other company
one or more people own more than half the voting shares in two or more companies, or
a person and a company, in which they are shareholders together, have a controlling interest in another company.
When assessing related companies, the concessional company receives the benefit of the land tax threshold and each other company (non-concessional) is assessed without the land tax threshold.
Where the concessional or joint concessional companies’ land value exceeds the premium rate threshold, the land value of each non-concessional company is assessed at 2% of the taxable value.
Where the land value does not exceed the premium rate threshold, but exceeds the general threshold, the land value of each non-concessional company is assessed at 1.6% of the taxable value.
