Land Tax Form - Moving between Residences

An exemption from land tax may apply for two consecutive assessment years for two properties that are owned in transitional circumstances at midnight 30 June if

• the second property consists of a new home under construction or a residence under refurbishment and
• the owner occupies the property as their primary residence once the construction or refurbishment is completed.

The land used as the owner’s primary residence at 30 June is exempt from land tax. An exemption for the second residence for two consecutive years is available if

• the property acquired first is occupied as the owner’s primary residence while the second residence is being refurbished/constructed. This residence must be sold and delivered to the purchaser prior to 30 June of the second assessment year.
• the property acquired second is under refurbishment or construction, and has been acquired in the financial year immediately before the first assessment year. The construction or refurbishment of this residence must
  • have commenced or be carried out in the first assessment year, or commence in the previous financial year and continue in the first assessment year and
  • be completed and occupied as the owner’s primary residence in the second assessment year
• no income has been derived from either property while not occupied as the owner’s primary residence.

If an exemption is provisionally allowed and any of the conditions are not subsequently met, the exemption will be disallowed and an exemption applied solely to the owner’s primary residence.

See the Land Tax Exemptions - Private Residences fact sheet.