Land tax rules, thresholds and rates change. Older strategies should never be relied on without checking the current Queensland Revenue Office position and obtaining advice for your ownership structure.
Check the current rules first
Thresholds can differ between individuals, companies, trustees and absentees. The relevant value may also differ from a property’s market price. Confirm the current legislation and assessment basis.
Do not let one tax drive the whole deal
Ownership decisions can affect income tax, capital gains tax, asset protection, borrowing, estate planning and administration. Consider the complete position with qualified advisers.
Treat this historical topic carefully
This article preserves a topic from TPC’s earlier library, but it is not current tax guidance. Use it only as a prompt for professional advice and up-to-date research.
This article provides general educational information only. It is not financial, investment, legal, tax, planning or accounting advice. Property development involves risk, and you should obtain independent advice appropriate to your circumstances and project.