ARTICLE · 22 SEPTEMBER 2022

Qld land tax liability to consider interstate property

Clifford Gouldson Lawyers

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The value of any interstate land owned by an entity is now considered when determining Queensland land tax liability.

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Land tax laws have recently been changed so that the value of any interstate land owned by an entity is now considered when determining Queensland land tax liability.

Queensland Parliament has recently passed the Revenue Legislation Amendment Bill 2022 which includes changes to how land tax will be calculated in Queensland from 30 June 2023.

From that date, interstate land is included to determine :

whether the land tax-free threshold has been exceeded; and
the total taxable value of your landholding, which is used to calculate the rate of land tax that will be applied to the Queensland proportion of your landholdings.

Once the rate of land tax has been calculated, you will only pay land tax on the land that you own in Queensland.

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