If two private residences are owned in transitional circumstances at midnight 30 June, the land occupied as the owner’s primary (sole or principal) residence at 30 June is exempt from land tax.
An exemption for the second residence is available if all of the following conditions have been met.
- The owner acquired the second residence during the financial year before the assessment year.
- The owner moved from the first to the second residence before the end of the assessment year.
- The first residence was sold and delivered to the purchaser during the assessment year.
- Income was not derived from either residence while the owner owned both properties.
See the Land Tax Exemptions - Private Residences fact sheet.
