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NSW Property Law - Notify Tax Department of New House as Inheritance?

Discussion in 'Property Law Forum' started by onyx, 20 January 2016.

  1. onyx

    onyx Well-Known Member

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    Hi,
    The title of my inherited house was issued on 23/12/2015. I want to make this inheritance my main residence. My own house comes under the land tax threshhold.

    Do I have to notify the tax department under Property Law and claim an exemption as this means I have 2 houses in one year?

    Thank you
     
  2. Michael T

    Michael T Well-Known Member

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    I would think that you'd need to advise the tax department and claim an exemption. Did you end of getting advice from a lawyer or accountant?
     

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