Treasurer foreshadows land tax concession in State Budget
Source: WA. Treasurer
"Treasurer Troy Buswell today foreshadowed the announcement of a land tax concession aimed at reducing property market volatility and bottlenecks in the approvals process, as part of the 2009-10 State Budget. The concession would allow developers to pay land tax and Metropolitan Region Improvement Tax on the lower undeveloped (or ‘englobo’) value of land holdings, rather than the full subdivided value of lots, for one year after the creation of the lots. "