SA Land Tax Reform. Managing Director, Andrew Mitchard & Head of Commercial Team, Kirsty Bennett 2020

 In

Managing Director, Andrew Mitchard and Senior Lawyer, Kirsty Bennett present the new land tax changes which are coming into effect on 30 June 2020. The session goes for around 1 hour and covers: a summary of the changes; examples of how these changes effect aggregation of ownership and the calculation of land tax on jointly owned property and property held in discretionary, fixed and unit trusts; the process of nominating beneficiaries for property held by discretionary trusts – the advantages and pitfalls; summary of what Trusts may be defined as “excluded trusts”, explanation of how companies may be aggregated and a review the timeline and key dates including the land tax transitional fund (concessions and deferred payment arrangements due to Covid-19).

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