When is Land Tax Payable?

09 Sep When is Land Tax Payable?

Posted at 03:20h in For Commercial Landlords, For Home Buyers, For Home Sellers, Land Tax by
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Land Tax Thresholds Change regularly.

You should contact Riba Business Lawyers to ensure that the rates have not changed since the  date of this Post.

For Individual who are resident in Queensland.

Taxable value Rate of tax
$0–$599,999 $0
$600,000–$999,999 $500 plus 1 cent for each $ more than $600,000
$1,000,000–$2,999,999 $4,500 plus 1.65 cents for each $ more than $1,000,000
$3,000,000–$4,999,999 $37,500 plus 1.25 cents for each $ more than $3,000,000
$5,000,000 and over $62,500 plus 1.75 cents for each $ more than $5,000,000

For Trust and Companies

Taxable value Rate of tax
$0–$349,999 $0
$350,000–$2,249,999 $1,450 plus 1.7 cents for each $ more than $350,000
$2,250,000–$4,999,999 $33,750 plus 1.5 cents for each $ more than $2,250,000
$5,000,000 and over $75,000 plus 2.0 cents for each $ more than $5,000,000

Land Tax valuations do not normally include the value of the building. For advice please contact us.

Riba Business Lawyers

Strength Through Knowledge

Franchising, Leasing, Acquisitions

Head office:  34 Duporth Avenue, Maroochydore, Sunshine Coast, Queensland.

Maroochydore:  07  54791488

Brisbane:  31032115

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