Who is liable for payment of Land Tax?
The owner of the property as at midnight 30 June is liable to pay the Land Tax assessed for the forthcoming financial year. Where a property was sold after 30 June, the vendor (seller) is still liable for the Land Tax. It is a common practice (although not a legal requirement) for land conveyancers to arrange a proportional adjustment between the purchaser and the vendor of land, for any applicable Land Tax at the time of land settlement. This adjustment should be calculated as if the property being sold is the only taxable property in the ownership. For exemptions from Land Tax, to which you may be entitled, please refer to Exemption From Land Tax page.
