Land Tax and Parenting Payment

1. Land Tax and Parenting Payment When you are living in any country there are certain expenses as well as certain benefits. Some expenses may be due to services you obtain from the government like electricity, water and some may be due to possession and owning. Land tax is such a payment or a tax made to the government. Lot of governments grant benefits to people who need special attention like having pension schemes for the elderly and grants for pregnant and child bearing mothers. One such benefit is the Parenting payment given for guardians with several eligibility factors to support the growing up of the child. So let us focus our attention on a brief study of Land tax and Parenting payment Land tax is a tax imposed on an owner of the land taking into consideration of the current value of the land. It is normally done annually. So when investing you will need to know the Tax amounts that you will need to pay. That is where the Land tax calculator comes in handy. So how is a value of a land calculated? It depends on several factors like value of a sold land in the near proximity, cost of replacement of the land, etc. Some other factors include the potential income that the owner can earn from the land by doing anything like agri-business or may be a business. The operating cost will also become a major factor in the land value estimates. The age of the land with any structure built on it will also be given attention. The location and size will also be given prominence, as said the sale of land in close proximity will give about the prices of land in the near location. Different countries have different calculators for such kind of tax. Even it is given that different states of the same country have different rates. For example in Australia different states have different land values for the same sized land. But it should be said that for this tax calculator the main input you will need to know is the land value. Parenting payment is a benefit given by the government to Guardians facing hardships for caring and looking after the kids. There are certain eligibility factors like the guardian being single divorced or married etc. The child’s age will also matter. Normally in Australia the children under age 8 with only single guardian that pass the income test will be eligible while children under 6 with both parents who pass the income test will also be supported. The income test is considering the income of the guardians and taken into consideration with the amount given as parenting payment. There are also certain eligibility requirements that needed to be fulfilled to get parenting payment like the residency requirements of the guardians. This is a service given by governments to improve and uphold a child’s future from the very small age.