Having an argument with a mate.
Is there such thing as a tax where the government taxes you if you subdivide a block for units to be built, but instead of dividing into 4 small blocks for example, you divide into 2?
The justification being that because of population growth, you are taxed for not building more dwellings?
Some councils will ask you to pay an green (space) levy if you build 4 (if you can fit it) units instead of lower density.
Unless you have a very large block otherwise I have seen 600sqm block build 3 units. Only 2BR each with require 1 car space, instead of 2 spaces if you had 3BR. Last unit has to be single story. 600sqm block used to be 2 units and even that felt a bit small.
Plenty of 2BR or tiny 3BR units going up. If you are going to have 1 kid then yes. Otherwise would be a bit crammed with 2 kids. Usually no study in these units. If you have 4 person family how do you park all your cars when they grow up? Street would be full of cars.
You'd pay more land tax if you're liable for that, but that's just because you have more land.
Your council rates might also be based on land value.
Just ask your "mate" to cite the relevant laws should be easy if they exist..
I don't think so. We have some developments going on and i haven't heard of that. But this is in Victoria.
No.. you'd pay less in CGT subdividing into less lots most likely. Your mate is a pelican.
Most common property related taxes are stamp duty, cgt and land tax.
Cgt will only be applicable on sale of any part of the property and not for subdivisions.
Land tax may go up depending on the asset. Stamp duty is payable at transfer of ownership not at subdivision.
Your question is very unclear though.
No.