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How to buy property in Queensland under the land tax threshold

 

How to buy property in QLD under the land tax threshold.

All information was recorded at a date to reflect the current situation.
This is not to be taken as advice but, mealy an example.
Things may have changed so you must consult a professional you must seek independent advice.
eg. Account or Lawyer to verify this and any other information.
We suggest Pacific Law

Source https://www.qld.gov.au/environment/land/tax/calculation/companies

Calculating land tax - rates for companies and trustees – Land tax is paid after the land value is assessed at over $350,000

This does not constitute legal advice

  • A company or trustee is liable for land tax if the total taxable value of their land,  $350,000 or more.
  • Let's say you buy Property A in a company trust you call A Pty Ltd ATF A Trust, then you buy property B in the same trust A Pty Ltd ATF A Trust.



  • Property A is valued at $200,000 land value and property B is valued at $200,000 land value so it equals $400,000 which is...
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