Important changes to Queensland land tax

Investopoly · Aug 3, 2022 · 8m

Queensland announced changes to land tax in its state budget in February 2022. On 12 July 2022, it released more detail regarding how these changes will be implemented (see here). Queensland land tax to rise substantially for interstate investors Essentially, when determining an investors land tax liability, the Queensland government will consider the value of landholdings in Australia (excluding principal residence), not just Queensland, and apportion the land tax liability accordingly. This is best explained using an example Situation: Gary owns an investment property in Queensland with a…