Land tax in Queensland

Discussion in 'Accounting & Tax' started by PropertyInsight, 18th Sep, 2017.

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  1. PropertyInsight

    PropertyInsight Well-Known Member

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    Long time ago, the threshold for land tax in Queensland is land area of less than 600m2. Now, I have just read State Revenue Office website, and found the threshold for land tax is $600K of land value. Has it changed recently?
     
    PropertyInsight, 18th Sep, 2017
    #1
  2. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    No change for locals, there are changes for those living overseas.
     
    RPI, 18th Sep, 2017
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    QLD LT threshold has always been a $xxxx basis and never in my knowledge been a exempt meterage. This would allow a prime block to be exempt same as any low value land. All taxpayers are given a uniform exempt value and the total of taxable land is reduced by the tax free threshold so a single constant applies to each taxpayer.
     
    Paul@PAS, 18th Sep, 2017
    #3