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I will seek legal advice but that doesn't preclude from further discussion here. If someone is legally obliged to pay land tax then that's the end of it in my view. Why would anyone in their right mind agree to reimburse a developer for his obligation to pay land tax. The developer owns the...

The contract clause just before this one says if Land Tax is unpaid at the settlement date then the seller must pay it. The next clause then says it should be apportioned among the Lots at settlement. The apportioning clause is the one I have a problem with. The QLD Land Tax Act states that a...

It's my understanding that in QLD Land Tax is assessed at midnight on June 30 each year. Let's say these OTP contracts all settled on August 31. Land Tax for the current year (the year of settlement) has already been assessed, at midnight on preceding June 30. At midnight preceding June 30 none...

Is it standard practise to have it removed and is that likely to succeed, or do most people not care or know about it and just suffer the shock at settlement. This will by my PPOR by the way and at the time of settlement the only property I will own so it seems rather unfair that land tax...

Considering buying OTP apartment in QLD. The contract says that any land tax unpaid at settlement must be paid by the seller. To me, that should be the end of it, land tax will be paid by the seller at settlement, and after settlement I will own a lot that will only have a very small proportion...