South Australian Numbered Acts

LAND TAX (MISCELLANEOUS) AMENDMENT ACT 2019 (NO 38 OF 2019) - SECT 19

19—Insertion of Schedule 1

After section 26 insert:

Schedule 1—Calculation of land tax (tables)

Note—

For Threshold values see section 8A.

Part 1—Interpretation

1—Interpretation

In this Schedule—

"LT (TA)" means the land tax payable with respect to land with a taxable value equal to Threshold A;

"LT (TB)" means the land tax payable with respect to land with a taxable value equal to Threshold B;

"LT (TC)" means the land tax payable with respect to land with a taxable value equal to Threshold C;

"LT (TD)" means the land tax payable with respect to land with a taxable value equal to Threshold D.

Part 2—Scales of land tax

2—2020/2021 and 2021/2022

Land tax for the 2020/2021 financial year and the 2021/2022 financial year is calculated on the basis of the taxable value of the land in accordance with the following table:

Taxable value of land	Amount of tax
Not exceeding Threshold A	Nil
Exceeding Threshold A but not exceeding Threshold B	$0.50 for every $100 or fractional part of $100 over Threshold A
Exceeding Threshold B but not exceeding Threshold C	LT (TB) plus $1.25 for every $100 or fractional part of $100 over Threshold B
Exceeding Threshold C but not exceeding Threshold D	LT (TC) plus $2.00 for every $100 or fractional part of $100 over Threshold C
Exceeding Threshold D	LT (TD) plus $2.40 for every $100 or fractional part of $100 over Threshold D

3—2022/2023 and subsequent years

Land tax for the 2022/2023 financial year and for each subsequent financial year is calculated on the basis of the taxable value of the land in accordance with the following table:

Taxable value of land	Amount of tax
Not exceeding Threshold A	Nil
Exceeding Threshold A but not exceeding Threshold B	$0.50 for every $100 or fractional part of $100 over Threshold A
Exceeding Threshold B but not exceeding Threshold C	LT (TB) plus $1.00 for every $100 or fractional part of $100 over Threshold B
Exceeding Threshold C but not exceeding Threshold D	LT (TC) plus $2.00 for every $100 or fractional part of $100 over Threshold C
Exceeding Threshold D	LT (TD) plus $2.40 for every $100 or fractional part of $100 over Threshold D

Part 3—Scales of land tax for trusts

4—2020/2021 and 2021/2022 (trusts)

Land tax for the 2020/2021 financial year and the 2021/2022 financial year is calculated on the basis of the taxable value of the land in accordance with the following table:

Taxable value of land	Amount of tax
Not exceeding $25 000	Nil
Exceeding $25 000 but not exceeding Threshold A	$125 plus $0.50 for every $100 or fractional part of $100 over $25 000
Exceeding Threshold A but not exceeding Threshold B	LT (TA) plus $1.00 for every $100 or fractional part of $100 over Threshold A
Exceeding Threshold B but not exceeding Threshold C	LT (TB) plus $1.75 for every $100 or fractional part of $100 over Threshold B
Exceeding Threshold C but not exceeding Threshold D	LT (TC) plus $2.40 for every $100 or fractional part of $100 over Threshold C
Exceeding Threshold D	LT (TD) plus $2.40 for every $100 or fractional part of $100 over Threshold D

5—2022/2023 and subsequent years (trusts)

Land tax for the 2022/2023 financial year and for each subsequent financial year is calculated on the basis of the taxable value of the land in accordance with the following table:

Taxable value of land	Amount of tax
Not exceeding $25 000	Nil
Exceeding $25 000 but not exceeding Threshold A	$125 plus $0.50 for every $100 or fractional part of $100 over $25 000
Exceeding Threshold A but not exceeding Threshold B	LT (TA) plus $1.00 for every $100 or fractional part of $100 over Threshold A
Exceeding Threshold B but not exceeding Threshold C	LT (TB) plus $1.50 for every $100 or fractional part of $100 over Threshold B
Exceeding Threshold C but not exceeding Threshold D	LT (TC) plus $2.40 for every $100 or fractional part of $100 over Threshold C
Exceeding Threshold D	LT (TD) plus $2.40 for every $100 or fractional part of $100 over Threshold D