Saturday 3 December 2011

Australian Property Tax Migration Tax Australia Australian Taxation

 In Australia, Property Tax is a kind of money that any owner has to pay to the government every year. The amount is not fixed and it depends upon the overall property a person. Every year in the month of March to April the person who is the owner of any kind of property in Australia has to pay the required tax. This is the reason that some of the people there before these months start selling their property. There are large numbers of people in Australia who in order to save tax sell their property in starting months of the year and take a rental home or apartment till April after which they again buy a property. 

In this way, they save their tax and this is because of the reason that the person who is the owner of a property in the month March to April has to pay all the tax to government.  In Australia, if you own a property then you have to pay tax to both the governments; State government and Central government. Almost, any kind of property such as homes, land, apartments, commercial buildings etc has a tax on them. The best thing about property tax in Australia is that if people are not able to pay the tax on time then by showing a particular reason why they are not able to pay it; they get some extension and government very easily allows them an extension period of around 3 to 6 months. The rate of tax in Australia also depends upon the location of your property. If the property is in good area obviously, the taxes are more while if you are living outside the town the property taxes on it are less.

A large number of people want to settle in Australia. Presently, more and more people are visiting there on temporary basis. Generally, students come from other countries for their study in Australia. When these people come to Australia, they have to pay tax to the government that is called as Migration tax Australia. The amount of this tax totally depends upon the period for which a person wants to live in Australia. Rather than only students, this tax is applicable to all the persons who visit Australia in the search of some work but this tax is not applicable to tourists. Generally, it is a part of Australian taxation services. It is highly recommended to contact an attorney having complete information about it.

Tax services Australia is one of the major sources of income for government of Australia as there are a large number of taxes that people have to pay to the government after a fixed interval of time. This tax includes personal income taxes, corporate taxes, Capital gains tax, property tax, goods and service tax, payroll taxes, excise tax, custom duties, Inheritance tax as well as superannuation tax. It is not always necessary that the amount in all these taxes is same. You can easily find more information online on Australian Finance.

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