Hi All,
My GF and I have been planning to spread our investments across states to limit land tax exposure, so that it doesn?t kill cashflow and positive geared deals. So far it?s just NSW, ACT, SA, but we?re looking at VIC and QLD next. We thought we knew the thresholds pretty well but it?s hard to keep track of everything and we didn?t know as much as we thought! So I thought I?d get it down in a spreadsheet I can refer to any time we are buying more property, so we know the risk of additional cashflow costs before buying in a state.
The attached spreadsheet details this summary.
I?m wondering if someone can help me fill it in by adding detail around column K as I understand that some states allow Trusts to get a new threshold for every trust?
ps does anyone know what the difference in calculation is for single holdings or multiple holdings since some states have two calculators? Do they give you a different threshold or something?
My GF and I have been planning to spread our investments across states to limit land tax exposure, so that it doesn?t kill cashflow and positive geared deals. So far it?s just NSW, ACT, SA, but we?re looking at VIC and QLD next. We thought we knew the thresholds pretty well but it?s hard to keep track of everything and we didn?t know as much as we thought! So I thought I?d get it down in a spreadsheet I can refer to any time we are buying more property, so we know the risk of additional cashflow costs before buying in a state.
The attached spreadsheet details this summary.
I?m wondering if someone can help me fill it in by adding detail around column K as I understand that some states allow Trusts to get a new threshold for every trust?
ps does anyone know what the difference in calculation is for single holdings or multiple holdings since some states have two calculators? Do they give you a different threshold or something?
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