A WA parliamentary question seeks information on land sales by agencies under the Minister for Regional Development, Lands, and related portfolios, including the number of properties sold, their value, and GST application. The response details sales by LandCorp and indicates no sales by other listed agencies.

AnsweredQoN 4184Legislative Assembly
Asked
19 October 2010
Portfolio
Regional Development; Lands; Minister Assisting the Minister for State Development; Minister Assisting the Minister for Transport

QuestionView source ↗

For each agency under the authority of the Minister, I ask:
(a) how many properties, including land, have been sold in the last 12 months; and
(i) of these properties, including land, how many have been sold for residential purposes; and
(b) what was the value of each property, including land, sold for residential purposes; and
(i) of those properties, including land, sold for residential purposes, was the standard rate of GST (10%) applied; and
(ii) if not, please list the rate of GST applied to those properties that did not apply the standard rate of GST?

AnswerView source ↗

Answered
18 November 2010
Responded by
Minister for Regional Development; Lands; Minister Assisting the Minister for State Development; Minister Assisting the Minister for Transport
Response time
30 days
The Department of Regional Development and Lands
Land sales information is being gathered by the Department of Regional Development and Lands, however this requires intensive analysis of various databases and will take some time to collate. I will table this information when it is received.
LandCorp
(a) 801 lots
(i) 717 lots
(b) The total value of all 801 lots sold was $157.8 million (GST exclusive). There are too many to list individually.
(i) The standard rate of GST was applied for
187
lots sold. In the remainder either the Margin Scheme was utilised, or the lots were Free from GST as they were lots falling under Native Title compensation.
(ii) The rate varied significantly in the range from 0% - 9.9%. There are too many to list individually.
Landgate, Gascoyne, Goldfields-Esperance, Great Southern, Kimberley, Midwest, Peel, Pilbara, Southwest and Wheatbelt Development Commissions.
(a) None.
(i) Not applicable.
(b) Not applicable.
(i) Not applicable.
(ii) Not applicable.
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