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  1. Paul@PFI

    QLD Land Tax

    Legal advice I understanding discussing the tax implications of any legal structure is tax advice. Ditto I wouldnt expect a conveyancer to be discussing tax concerns about a property owned as either tenants in common or jointly. I would like to think my client understands why a Hybrid...
  2. Paul@PFI

    QLD Land Tax

    QLD Ltax ??? I'm confused by this. The aggregate land value of the trust would have to be under $350K under present thresholds to have Nil land tax. 15 prop's = avg $23K land value. Doesnt seem right. Maybe under old laws too?? Perhaps you didn't register the trust for land tax? Land tax...
  3. Paul@PFI

    QLD Land Tax

    Pinko Pinko - Yes correct. https://www.osr.qld.gov.au/land-tax/liability-land-tax/owner-type-threshold.shtml explains various thresholds. Individuals have a threshold $600,000 Trusts have a $350K threshold. This applies per trust which explains the strategy of multiple trusts. OSR link...
  4. Paul@PFI

    QLD Land Tax

    I had a verbal discussion today with a QLD property investor. He owns three IP's. I raised a land tax issue that isn't commonly understood that is peculiar to QLD. I suggested I would post for his benefit and others. Here you are Tim, here is the info I mentioned..... Land tax is a state tax...
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