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Land tax shock!
In QLD Co-owners are assessed separately http://www.austlii.edu.au/au/legis/qld/consol_act/lta201090/s22.html Trust land assessed separately http://www.austlii.edu.au/au/legis/qld/consol_act/lta201090/s20.html- Terry_w
- Post #42
- Forum: Accounting and Tax
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Land tax shock!
This is news to me.NSW duties act for example has duty on the execution of a trust where one or more parties is in NSW.- Terry_w
- Post #40
- Forum: Accounting and Tax
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Land tax shock!
Most tax agents wouldn't take on land tax issues - so check to seek if they can advise on this first. I just had a client who suffered a $4000 loss by incorrect advice from a tax agent.- Terry_w
- Post #31
- Forum: Accounting and Tax
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Land tax shock!
The rates are higher for trusts in VIC, so it may be correct but not right!!- Terry_w
- Post #23
- Forum: Accounting and Tax
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Land tax shock!
You have read wrong! Laws vary from state to state. QLD is totally different to elsewhere.- Terry_w
- Post #14
- Forum: Accounting and Tax