Land tax changes in Queensland - effective 30 June 2019 Land tax changes in Queensland - effective 30 June 2019

Land tax changes in Queensland - effective 30 June 2019

24 July 2019 | General
LAND TAX CHANGES IN QUEENSLAND
effective 30 June 2019
ENTITY LANDHOLDINGS BEFORE NOW
INDIVIDUAL - 
general
> $600,000 No change
INDIVIDUAL
absentee surcharge -
citizen/permanent resident
> $350,000 1.5% surcharge 0% surcharge
INDIVIDUAL
absentee surcharge
foreign
> $350,000 1.5% surcharge 2% surcharge
COMPANY/TRUST - 
general
$350,000 to $4,999,999 No change
$5,000,000 to $9,999,999 2% land tax 2.25% land tax
> $10 million 2.5% land tax 2.75% land tax
COMPANY/TRUST
absentee surcharge
foreign
> $350,000 0% surcharge 2% surcharge

*This summary is intended for general guidance only and should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this information.

Michael Donnelly

Michael Donnelly

Associate

Freeda Stevenson

Freeda Stevenson

Principal