On Mon, 19 Mar 2012 06:51:23 +1100 Rod Speed wrote :
And what the market says it will fetch includes the LVT
because ALL the landlords pass on the LVT to the tenants
because otherwise they wouldnt be making as much profit.

Any prospective tenant could not give a toss whether I am liable
for Land Tax or not

All landlords are, thats how the rate are calculated in Australia.

No, a landlord may be paying anything between 0 (land value below
$250K) and 2.25% in Victoria (it's a state tax).
http://tinyurl.com/6qjzrtl depending on the total site value of
properties they own other than their own home.

My own home is a high rise worth around $700K, land value on the rates
notice $41K (42 storey tower, nearly 500 flats on not a lot of land)
so you could own six like mine ($4.2m) and not pay land tax. Or you
could pay $600K for one time-expired house on a large block in the
suburbs and be paying it.

--
Tony Bryer, Greentram: 'Software to build on',
Melbourne, Australia www.greentram.com