Land Tax Amendment Act 2015
Land Tax Amendment Act 2015
Western Australia
Land Tax Amendment Act 2015
Contents
1.Short title2
2.Commencement2
3.Act amended2
4.Section 5 amended2
Land Tax Amendment Act 2015
An Act to amend the Land Tax Act 2002.
[Assented to 24 September 2015]
The Parliament of Western Australia enacts as follows:
This is the Land Tax Amendment Act 2015.
This Act comes into operation as follows —
(a)sections 1 and 2 — on the day on which this Act receives the Royal Assent;
(b)the rest of the Act is deemed to have come into operation on 1 July 2015.
This Act amends the Land Tax Act 2002.
(1)In section 5 in the heading to Table 10 delete “and subsequent financial years”.
(2)After section 5 Table 10 insert:
Table 11: Land tax rates for 2015/16 and subsequent financial years
|
Taxable value of the land |
Rate of land tax |
|
|
Exceeding ($) |
Not exceeding ($) |
|
|
0 |
300 000 |
Nil |
|
300 000 |
420 000 |
A flat rate of $300 |
|
420 000 |
1 000 000 |
$300 + 0.25 cent for each $1 in excess of $420 000 |
|
1 000 000 |
1 800 000 |
$1 750 + 0.90 cent for each $1 in excess of $1 000 000 |
|
1 800 000 |
5 000 000 |
$8 950 + 1.80 cents for each $1 in excess of $1 800 000 |
|
5 000 000 |
11 000 000 |
$66 550 + 2.00 cents for each $1 in excess of $5 000 000 |
|
11 000 000 |
|
$186 550 + 2.67 cents for each $1 in excess of $11 000 000 |
