How to buy property in QLD under the land tax threshold.
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This is not to be taken as advice but, mealy an example.
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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...