SA spends big on infrastructure and land tax reform
By Maja Garaca Djurdjevic
23 June 2021
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1 minute read
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South Australia has rolled out its own state budget, promising “the most comprehensive land tax reform” in the state’s history and a massive $17.9 billion infrastructure spend as it looks to turn Adelaide into the nation’s “most attractive” place to invest.
Promising to back the state’s economic growth strategy while “rejecting” the alternative approach adopted by the Victorian government, South Australia has pledged to discount land tax by 50 per cent for eligible new build to rent housing projects.
Moreover, the state’s Treasurer, Rob Lucas, has promised a $10.7 million injection in land tax relief in 2021-22 through the land tax transition for those taxpayers negatively impacted by changes to land tax aggregation rules.