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https://www.revenue.nsw.gov.au/t ... -owners/definitions
Residential land includes any of the following.
Description Definition
Parcel of land Where there are one or more dwellings on the land or a parcel of land on which there is a building under construction that, when completed, will constitute one or more dwellings.
Strata lot If it is lawfully occupied as a separate dwelling, or suitable for lawful occupation as a separate dwelling
Utility lot If its use is restricted to the owner or occupier of a strata lot.
Land use entitlement If it entitles the holder of the land use entitlement to occupy a building, or part of a building, as a separate dwelling eg company title and residential flats.
Parcel of vacant land Zoned or otherwise designated for use for residential or principally for residential purposes.
Residential land does not include land used for primary production that is exempt from land tax.
The surcharge applies if a building has both residential and commercial purposes. In this case, an apportionment factor is used to apportion the land value. |
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