Have you received your land tax assessment from RevenueSA? If so, you may also notice that it is late, for 2021/22 and 2022/23 and possibly not-quite-right?
There is no doubt that the introduction of the Land Tax (Miscellaneous) Amendment Act 2019 (SA) from 30 June 2020 caused angst and confusion for many a lawyer and accountant. However, likely a less expected consequence was the sheer volume of new data (via Land Holding Declarations), enquiries, questions and form lodgements RevenueSA staff and IT systems have had to deal with.
As a consequence, we and our clients have experienced significant delay in having land tax assessed, re-assessed or land tax enquires answered. We have also noticed that some land tax assessments have been issued incorrectly. These errors have included the application of the incorrect rate, namely the trusts rate instead of the general rate, and/or the incorrect identification of a taxpayer’s land interests and their aggregation.
If you are uncertain whether your land tax assessment has been calculated correctly then please get in touch with us. We can undertake an efficient review of your Land Holding Declaration to ensure it is correct and that the assessment has been issued taking this information properly into account.