Land Tax information 2011-2012
Thursday, October 27th, 2011What Land is Taxable? Taxable land is land you owned at 30 June 2011, excluding exempt land. Examples of taxable land include: • vacant land; • residences which are not used by the owners as their primary residence; • ‘secondary’ residences such as holiday homes, holiday units or hobby farms; • rental homes or units; • commercial properties including shops, offices and factories; • land held in trust or owned in a company name; • entitlement to land under any lease or licence from the Crown; • land used for business, commercial, professional or trade purposes under arrangements with the Crown, Crown instrumentalities, local authorities or public statutory bodies. Who ...
Read morePerth’s Office market the best performing sector!
Wednesday, October 26th, 2011The Perth Central Business District (CBD) office rental market is experiencing a strong increase in net rental rates as the vacancy rate for premium and particularly A-grade office tenancies falls. Recent strong demand for office accommodation in the Perth CBD has seen the vacancy rate drop to a reported 3.6% which is critically below equilibrium and it is our understanding the current office projects under constructions will not ease this problem as the total floor space under construction is some 90% pre committed. The licensed valuers at Garmony Property Consultants are seeing a flow-on effect in the fringe CBD office markets, particulaly West ...
Read moreConflicting signals in the property market as the House of Representatives pass the Government’s controversial carbon tax.
Monday, October 17th, 2011The Federal Government House of Representatives passed the Labour Governments controversial carbon tax last week which includes 19 Carbon Tax bills with Prime Minister Julia Gillard stating “Today, is a significant day for Australians and the Australians of the future who want to see a better environment.” The $23 a tonne Carbon Tax will start in mid 2012 before transforming into a true Emissions Trading Scheme (ETES) in mid 2015. Although it was passed in the House of Representatives, opposition leader Mr Tony Abbott pledged on ABC radio on Wednesday “This is a pledging in blood – this tax will ...
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