If you dont want to get into the complication of trust and company, which scenario below incur least amount of land tax in QLD for the $700k unimproved land
(1)
Husband + Wife joint name $700k
(2)
Husband $250K
Wife $250K
Husband + Wife joint name $200K
In NSW:
Properties purchased under joint names, say Mr A and Mrs A, gets a threshold
If Mr A has a property by himself, Mr A will incur 50% of above but Mr A will also have his own threshold.
Is this the same as QLD?