Land tax shock!

[jchan86]

You have read wrong! Laws vary from state to state. QLD is totally different to elsewhere.

Any chance you could point me in the right direction re: information around this? still learning and need to figure out how to set things up better for myself

Cheers

 

[Terry_w]

Any chance you could point me in the right direction re: information around this? still learning and need to figure out how to set things up better for myself

Cheers

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

 

[jchan86]

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

Thank you Terry - will look further into it before I embark on the next property