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Dear RossV, No problems. Good to see you're on the right track. Too bad about the $4K. Ah the price you and I pay for self-education ;) Went through the ruling. Key thing is how it affects us when we transfer ownership of one of our existing trusts. If we suddenly transfer ownership...

Dear Rossv, Time to move IP's to QLD :-------). http://www.osr.qld.gov.au/tax_land.htm When is land tax chargeable? For the 2002/2003 financial year in Queensland, land tax is charged only if the total unimproved value of land owned is equal to or exceeds: * for a natural person -...