You act for a husband and wife who wish to purchase as joint tenants a residential property in NSW. They are first home buyers, and this is their first property. They propose to live on the second floor and use the ground floor to carry on a new hairdressing business, subject to council approval. They ask you whether they will be required to pay land tax in the future, having regard to their proposals. What alternative below best describes the response you should provide? Select one answer only. Group of answer choices A.No, because it is a residential property, which does not attract land tax. B.Yes, on the whole of the unimproved capital value of the property, because the property will be used partly for business, providing it exceeds the threshold. C.No, because there is an exemption for property used as a principal place of residence. D.Yes, but only on the unimproved capital value of that portion of the premises not used as their principal place of residence, providing it exceeds the threshold