QLD, Land Tax, where to notify?

Discussion in 'Accounting & Tax' started by Eric Wu, 13th Jan, 2016.

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  1. Eric Wu

    Eric Wu Well-Known Member

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    the house was bought $410k, the land value I would think is under the threshold
     
    Eric Wu, 14th Jan, 2016
    #21
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes, probably. But don't forget about bracket creep. The thresholds in QLD stay flat and are not adjusted for inflation and land values tend to increase.
     
    Terry_w, 14th Jan, 2016
    #22
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  3. Eric Wu

    Eric Wu Well-Known Member

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    that is the real pain, isn't it?
     
    Eric Wu, 14th Jan, 2016
    #23
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