Browse Forums Buying Land Re: Land Tax 5Jan 30, 2020 9:02 am excalibur9 We had the same experience as well. Bought land in North West, paid deposit in November. Was only told about the land tax having to be paid by us towards early December. Tried our best to complete the purchase by mid December, but the Land Owner's solicitor dragged her feet and we are only settling this week. Initially we were told that the land tax would be about 2k, but in the end we had to fork out almost 5k for the land tax. Hard lesson learnt, so if you are considering to buy land towards the end of the year, make sure you settle by end November to save some money. Yup, I also learnt the hard way. The earlier in the year you settle, the more land tax you pay Re: Land Tax 6Sep 30, 2021 10:33 pm Of course, I didn't want to resume this topic, but I didn't want to create a new topic for the sake of my message. In general, maybe I got something wrong, but it seems that taxes have always been and always will be, but if this is not the case, then correct me. the exemption applies only to your principal place of residence - so you must live in it. The 200 days is continuous. You also have to apply for the exemption. 2 13318 If it's your primary residence then there is no tax deductions to be made. 4 125304 Yeah I don't know why I came to a forum. Place is full of wierdos/pedos thought internet may help but I suppose I'll try my luck with someone in person. Cheers. I tried… 0 6444 |