Land Tax Trusts - Nomination Deadline Extended

A number of members hold their practices or other land through a Trust, and so will be interested to note that Trustees now have until 30 September 2006 to nominate a beneficiary as part of the State Government’s new approach to Land Tax on trusts. A Media Release announced this change on June 27, 2006.

The Commissioner of State Revenue, Mr Paul Broderick, announced the extension in response to requests from practitioners for more time to complete the nomination process. Nominations had been due by 30 June 2006.