NSW Land Tax Unit Trust
The NSW land tax fixed trust satisfies the relevant criteria to be a ‘fixed trust’ under the NSW land tax rules, and would generally only be used if the trust is acquiring land in NSW in order to access concessional land tax rates. The deed has been approved by the NSW Office of State Revenue and again, contains limited flexibility in relation to the unitholder entitlements in the trust. This deed is also designed to ensure the trust should be a ‘fixed trust’ for tax purposes.
- Does your unit trust deed satisfy the requirements to be a ‘fixed trust’ for tax purposes or a ‘fixed trust’ for NSW land tax purpose
- Does the NSW land tax fixed trust deed have formal approval from the NSW Office of State Revenue?
- Where a trust deed is amended to make the trust a NSW fixed trust for land tax purposes, is it possible to obtain a refund for the additional land tax paid in prior years?
- Can an existing deed be amended to satisfy the criteria for later years of land tax assessment?