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ARTICLE · 15 SEPTEMBER 2022

Developers eligible to claim deduction for site improvements

Cooper Grace Ward
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Deductions for site improvements can be effective for landowners and developers to manage land tax rates and liabilities.

AustraliaTax
Leanne O’Neill
Leanne O’Neill
Claudia Channon
Claudia Channon
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With impending changes to the Queensland land tax regime, deductions for site improvements can be an effective tool for landowners and developers in managing land tax rates and liabilities.

Changes to land tax assessment in Queensland

Queensland has introduced amendments to the land tax regime extending the basis for land tax assessment to include interstate landholdings. From 30 June 2023, landowners will need to declare landholdings in other states and territories for the purpose of land tax assessment. This change is significant, as it impacts individuals, companies and trusts. It will be a significant impost for landowners and developers with substantial landholdings across Australia.

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Cooper Grace Ward is a leading Australian law firm based in Brisbane.

This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please contact Cooper Grace Ward Lawyers.

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