Australian Politics Forum - Universal Land Tax for Australia?

Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Universal Land Tax for Australia? Reply #15 - Dec 24^th, 2015 at 8:55am We pay land tax here in NSW. Lucky us
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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Universal Land Tax for Australia? Reply #16 - Dec 24^th, 2015 at 9:15am Lisa Jones wrote on Dec 24^th, 2015 at 8:55am: We pay land tax here in NSW. Lucky us Not everyone does. That is the problem.
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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: Universal Land Tax for Australia? Reply #17 - Dec 24^th, 2015 at 9:20am Bam wrote on Dec 24^th, 2015 at 9:15am: Lisa Jones wrote on Dec 24^th, 2015 at 8:55am: We pay land tax here in NSW. Lucky us Not everyone does. That is the problem. ...so you are becoming an anti-ochlocrat? Good for you....
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Lisa Jones

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Re: Universal Land Tax for Australia?
Reply #18 - Dec 24^th, 2015 at 9:22am

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

Huh?

Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment Cry

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If I let myself be bought then I am no longer free.

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aquascoot

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Re: Universal Land Tax for Australia?
Reply #19 - Dec 24^th, 2015 at 9:30am

Lisa Jones wrote on Dec 24^th, 2015 at 9:22am:

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

Huh?

Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment Cry

In QLD you pay on investment land once you get over a threshold of land value of about 600,000.

thats unimproved land value. so most people with one investment property in qld would be exempt.

i have to turnover 20,000 dollars off my 2 properties or they are deemed as land being held for investment .
working agricultural land is also exempt.

thankfully i can juggles stock and get over this figure on both.

the land tax take would be 2.5 % otherwise which on a million dollars of rural land (not a place of residence) would be 25,000.
my rates are only 2000, so this is a lot. (ie land tax on a rural property would be 12 x the cost of rates)
in fact, you would be better off declaring stock sales of 20,000 and paying tax on that then you would not selling stock and having to front up the land tax.

if they alter these laws for agricultural land it will have a huge effect on peoples willingness to be primary producers

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Bam

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Re: Universal Land Tax for Australia?
Reply #20 - Dec 24^th, 2015 at 9:30am

Lisa Jones wrote on Dec 24^th, 2015 at 9:22am:

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

Huh?

Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment Cry

Owner occupiers are exempt.

The Henry tax review (2009) recommended that land taxes apply to all properties over a threshold value per square metre, in exchange for reducing stamp duty on property transfers to a more sensible level. This isn't a proposal just for NSW. It should apply in every state and territory.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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Bam

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Re: Universal Land Tax for Australia?
Reply #21 - Dec 24^th, 2015 at 9:39am

Swagman wrote on Dec 24^th, 2015 at 9:20am:

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

...so you are becoming an anti-ochlocrat?

Good for you.... Cheesy

You're missing the big picture.

People who sell a house and buy another end up paying large taxes each time. Why tax people simply for moving house? That is crazy.

People who spend decades living in the same house are not paying tax. They need to be brought into the tax system.

Effective tax rate falls with occupancy duration

Increased tax rate on people who move

Source: Henry Tax Review, Chapter 6: Land and resource taxes

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Lisa Jones

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Re: Universal Land Tax for Australia?
Reply #22 - Dec 24^th, 2015 at 9:51am

aquascoot wrote on Dec 24^th, 2015 at 9:30am:

Lisa Jones wrote on Dec 24^th, 2015 at 9:22am:

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

Huh?

Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment Cry

In QLD you pay on investment land once you get over a threshold of land value of about 600,000.

thats unimproved land value. so most people with one investment property in qld would be exempt.

i have to turnover 20,000 dollars off my 2 properties or they are deemed as land being held for investment .
working agricultural land is also exempt.

thankfully i can juggles stock and get over this figure on both.

the land tax take would be 2.5 % otherwise which on a million dollars of rural land (not a place of residence) would be 25,000.
my rates are only 2000, so this is a lot. (ie land tax on a rural property would be 12 x the cost of rates)
in fact, you would be better off declaring stock sales of 20,000 and paying tax on that then you would not selling stock and having to front up the land tax.

if they alter these laws for agricultural land it will have a huge effect on peoples willingness to be primary producers

I see.

Killing incentive.

Not good for Australia.

Fair enough.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Bam

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Re: Universal Land Tax for Australia?
Reply #23 - Dec 24^th, 2015 at 10:54am

aquascoot wrote on Dec 24^th, 2015 at 9:30am:

Lisa Jones wrote on Dec 24^th, 2015 at 9:22am:

Bam wrote on Dec 24^th, 2015 at 9:15am:

Lisa Jones wrote on Dec 24^th, 2015 at 8:55am:

We pay land tax here in NSW.

Lucky us Cry

Not everyone does. That is the problem.

Huh?

Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment Cry

In QLD you pay on investment land once you get over a threshold of land value of about 600,000.

thats unimproved land value. so most people with one investment property in qld would be exempt.

i have to turnover 20,000 dollars off my 2 properties or they are deemed as land being held for investment .
working agricultural land is also exempt.

thankfully i can juggles stock and get over this figure on both.

the land tax take would be 2.5 % otherwise which on a million dollars of rural land (not a place of residence) would be 25,000.
my rates are only 2000, so this is a lot. (ie land tax on a rural property would be 12 x the cost of rates)
in fact, you would be better off declaring stock sales of 20,000 and paying tax on that then you would not selling stock and having to front up the land tax.

if they alter these laws for agricultural land it will have a huge effect on peoples willingness to be primary producers

If the proposals under the Henry tax review were implemented, this problem would be fixed. An alternative to the Henry proposals would be to exempt land under primary production but tax the farmhouse like any other residence. Farmers use community services too, so should be expected to make a fair contribution.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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longweekend58

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Re: Universal Land Tax for Australia?
Reply #24 - Dec 25^th, 2015 at 2:30pm

Bam wrote on Dec 23^rd, 2015 at 9:34pm:

Implementing land tax would be a good idea if it replaced stamp duty.

The current tax regime is inefficient and unbalanced. People often pay tens of thousands of dollars to change houses, which they often must do for work reasons. The punitive tax on moving house also causes people to hold on to houses they would be better off selling (eg: empty nesters) and it causes the housing stock to be inefficiently allocated. Meanwhile, other people who hold on to houses for decades pay no tax at all.

Introducing land tax and reducing stamp duty to a level that only covers the administration costs of the title transfer would broaden the tax base and allow housing stock to be allocated more efficiently.

See also: Chapter 6: Land and resource taxes (Henry Tax Review, December 2009)

only if not retrospective. we've already paid stamp duty an now u think we should pay land tax as well? find for new purchases or perhaps those who ahve not been sold for 30 years or more. otherwise it is just a merciless tax grab and we know stamp durty will return anyhow.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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John Smith Gold Member Offline Australian Politics Posts: 74959 Gender:	Re: Universal Land Tax for Australia? Reply #25 - Dec 25^th, 2015 at 2:53pm longweekend58 wrote on Dec 25^th, 2015 at 2:30pm: . otherwise it is just a merciless tax grab as opposed to increasing the GST , right?
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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: Universal Land Tax for Australia? Reply #26 - Dec 25^th, 2015 at 4:11pm John Smith wrote on Dec 25^th, 2015 at 2:53pm: longweekend58 wrote on Dec 25^th, 2015 at 2:30pm: . otherwise it is just a merciless tax grab as opposed to increasing the GST , right? i see nothing has changed in your comprehensions skills, dopey
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Bobby.

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Re: Universal Land Tax for Australia?
Reply #27 - Dec 25^th, 2015 at 4:56pm

longweekend58 wrote on Dec 25^th, 2015 at 4:11pm:

John Smith wrote on Dec 25^th, 2015 at 2:53pm:

longweekend58 wrote on Dec 25^th, 2015 at 2:30pm:

. otherwise it is just a merciless tax grab

as opposed to increasing the GST , right?

i see nothing has changed in your comprehensions skills, dopey

Longy is back - what happened to Maria?

Good to see you've got some trousers on. Grin

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Sir lastnail

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Re: Universal Land Tax for Australia?
Reply #28 - Dec 25^th, 2015 at 5:07pm

Swagman wrote on Dec 23^rd, 2015 at 8:58pm:

Kiron22 wrote on Dec 23^rd, 2015 at 7:09pm:

arguments against?

.....one or two

you must like the idea, so it must be a commie plot to bring down the capitalists and for world domination

Land owners (purchasers) already pay land rates. Which is just land tax.

Most already have progressive income tax extorted from their reward for risk and efforts. They are taxed enough already

Most have acquired their land using their hard earned which they have already paid friggin tax on

That guy was a full on drop kick and anything he thinks is a good idea has to be the total opposite

Property prices are inflated in the main because Boomers are investing their retirement savings into property because the share market is too volatile and the cash rate is too low. They can get both an income and a growth asset to fund their retirement. Not some stupid conspiracy theory from the student union brainwash sessions

Not their second, third, forth.... properties due to generous negative gearing tax concessions. They offload their risk onto other tax payers Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: Universal Land Tax for Australia?
Reply #29 - Dec 25^th, 2015 at 5:13pm

Bobby. wrote on Dec 25^th, 2015 at 4:56pm:

longweekend58 wrote on Dec 25^th, 2015 at 4:11pm:

John Smith wrote on Dec 25^th, 2015 at 2:53pm:

longweekend58 wrote on Dec 25^th, 2015 at 2:30pm:

. otherwise it is just a merciless tax grab

as opposed to increasing the GST , right?

i see nothing has changed in your comprehensions skills, dopey

Longy is back - what happened to Maria?

Good to see you've got some trousers on. Grin

the same thing that happened to gold medal Cheesy

LOL

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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