If you do not usually live in Australia or an external territory, you may be an absentee for land tax purposes.
As an absentee, you are liable for land tax if the total taxable value of your freehold land at 30 June is $350,000 or more.
The land tax rates for companies, trustees and absentees (and from 2017–18, the absentee surcharge of 1.5%) will apply to the land you own.
Similar to other types of owner, you will be assessed only on the land you own, which includes the value of your share in any land owned with others.
Read about annual land valuations if you want to learn about how your land is valued and what information is included in your notice.
Determining absentee status
If you have lived outside of Australia during the financial year, we will consider several factors to determine if you usually live in Australia, such as the reason for your absence and the time spent in and out of the country.
If we are not satisfied that you mainly resided in Australia, you will be an absentee if you:
- were away from Australia at 30 June or
- have been away from Australia for more than 6 months in total during the financial year before 30 June.
If you are an absentee, you cannot claim a home or primary production exemption.
If the total taxable value of your land exceeds $350,000, you must tell us within 1 month of the date you move overseas by completing an absentee/resident status declaration (Form LT16).
For more information, speak to US about absentee land tax