Australia's #1 for Law

Join 11,000+ Australians. Ask a question, respond to a question and better understand the law today!

Dismiss Notice
Hi Guest, Want peace of mind with personalised and confidential legal advice today? Visit LawTap to find the right Australian lawyer and book online instantly.

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

    Joined:
    30 November 2014
    Messages:
    17
    Likes Received:
    0
    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

    Joined:
    9 April 2014
    Messages:
    151
    Likes Received:
    22
    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?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
Loading...

Share This Page

Loading...
gt;