If you buy vacant land, or a property that was an investment property for the previous owner, you may be required to pay a portion of the land tax on the property at the time of settlement. The adjustment of land tax will be made by the taxpayer representative, for example, your conveyancer, who you have engaged to transfer the property.
If you paid land tax at settlement, you can apply to RevenueSA for a refund of the amount paid, assuming the property becomes your principal place of residence and all legislative requirements are met. Apply for land tax exemption or relief, including a refund of land tax paid at property settlement.
