At present the Northern Territory does not subject landowners to any form of land tax. This exemption extends to foreign individuals and corporate entities. Although, residents of the Northern Territory are obligated to pay Stamp Duty on the acquisition of a home, land or a business property.
There appears to be a growing interest from the Northern Territory government to introduce some form of land tax. It is expected that through the need to widen the revenue base that the Territory Government will implement some form of land tax. We are a team of professional and affordable business tax advisor Sydney providing a complete range of accounting, taxation and business services to clients throughout Australia.
If you are looking for further information on property taxes in Northern Territory, contact our team on 1300 023 782 or team@cdrta.com.au.
The team at C&D Restructure and Taxation Advisory are here to help. As part of the Vault Group we can offer the full suite of financial products and advice to help you navigate the business landscape. Schedule a meeting here via Calendly or give us a call on 1300 1 VAULT (1300 182 858)
Craig Dangar
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