NSW Property Law - Notify Tax Department of New House as Inheritance?

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onyx

Well-Known Member
30 November 2014
22
0
121
Hi,
The title of my inherited house was issued on 23/12/2015. I want to make this inheritance my main residence. My own house comes under the land tax threshhold.

Do I have to notify the tax department under Property Law and claim an exemption as this means I have 2 houses in one year?

Thank you
 

Michael T

Well-Known Member
9 April 2014
151
23
454
I would think that you'd need to advise the tax department and claim an exemption. Did you end of getting advice from a lawyer or accountant?