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Land Tax

10/09/20


The Hon. J.A. DARLEY (15:57): My question is to the Treasurer. Can the Treasurer advise how many responses to land tax letters sent to owners, companies and owners of land held in trust have been received by RevenueSA, how many owners have not yet responded and what action is likely to be taken after land tax accounts are sent out in October, November and thereafter this year where an owner complains about the account but did not respond to any letters sent to them initially from RevenueSA?


The Hon. R.I. LUCAS (Treasurer) (15:58): It might surprise the member, I don't have those numbers with me but I will take the question on notice and bring back a reply.

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Response

11/11/20


The Hon. R.I. LUCAS (Treasurer): I have been provided the following advice:

The land tax letters referred to information being held by RevenueSA in its online system and provided an opportunity for landowners to update the information held by RevenueSA and to supply additional information where relevant. As at 23 September 2020, approximately 193,000 land holding declarations have been received through the RevenueSA online land tax portal, with a further 18,500 declarations in progress.


Approximately 170,500 landholders have not provided a response. Some landowners would not have needed to provide information, for example, if they only own land which is exempt or if they only own taxable land not subject to a trust with a total site value that falls below the new land tax free threshold of $450,000. No penalties apply for not providing a response.


Where a landowner took no action with respect to the land tax letters sent and subsequently receives a land tax assessment that is incorrect, they may provide RevenueSA with the necessary information at that time in order for a reassessment of their land tax liability to occur. Pursuant to Part 5, Divisions 1 and 2 of the Taxation AdministrationAct 1996, interest and penalty tax may apply in circumstances where false, misleading or incomplete information has been provided to the Commissioner of State Taxation, or information that should have been provided has not been so provided.

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