All Entries Tagged With: "property tax"
Qld Government holts changes to Land Tax
The Queensland Government had planned to make changes to their Land Tax law but have advised that the changes are not being implemented at the moment.
The proposed changes were designed to simplify calculating land tax but they have not been received well. Some detractors even hint that the changes are ill-conceived and contain clauses which [...]
Land Tax in Queensland
Following is a chart with the Queensland Land Tax rates. For examples go to Queensland Treasury land tax. “Land tax is assessed on the taxable value of an owner’s total land-holdings.”
Rates for individuals (other than absentees, companies or trusts)
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 [...]
Effects Of Land Tax On Investments
Land that is deemed taxable is:
* Vacant land
* Land that is built on
* Lots in building unit plans
* Lots in group title plans
* Lots in a time share scheme
* Lots owned by a home unit company
How is land tax assessed?
The unimproved value of land is assessed quarterly on 1 July, 1 October, 1 January and [...]
Catching Up On Capital Gains
Capital Gains Tax is a topic that even if not current for you, is often at the back of your mind when dealing with property investment so here is some information that may be of help to you.
Rent out your house and avoid Capital Gains Tax was an article written by Sarah Mills for Money.ninemsn.com [...]
From A Global Financial Crisis New Millionaires Emerge
Why I am writing about this today is because one, the statement is very true and it could be you!
But secondly, I wanted to point out to fairly new investors and to the more experienced investors too, just how important it is that you use the right buying entity when going to contract.
Put simply, one [...]
