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Bushfire tax relief for SA victims following Kangaroo Island and Cudlee Creek blazes

1Mo ago 0 Replies 46 Views
Victims who lost homes and cars in SA bushfires to get tax relief.
The SA Government announces tax exemptions for bushfire victims who lost property in the state's recent blazes including in the Adelaide Hills and on Kangaroo Island..

People affected by the fires will be exempt from stamp duty for replacement properties and vehicles, and will not have to pay land tax in 2019–20 or 2020–21.
Administration fees will be waived for people replacing lost or destroyed drivers' licences, as well as for replacement motor vehicles, Treasurer Rob Lucas announced.

Owners of cars destroyed in the fire will be able to apply for refunds of their unexpired registration.

"The land tax and stamp duty relief measures are similar to those introduced by the Victorian Government, but the land tax relief measures are for two years compared to one in Victoria."

Stamp duty relief on new homes will be capped at $48,830 — the amount due on a $1 million property — while on cars it will be capped at $1,940, the amount payable on a private vehicle worth $50,000.

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