Queensland land tax changes likely to create additional costs for multi-jurisdiction landowners

The Queensland land tax rate bracket will soon be based on the value of a taxpayer’s total Australian land, resulting in a form of bracket creep, as detailed by Robert Nguyen, Jenny Lee and Sarah Shaw.

The upcoming Queensland land tax changes, for the 30 June 2023 land tax year onwards, will likely increase the land tax payable for entities that directly hold Queensland land and interstate land.  Under the changes, the taxpayer’s Queensland land tax rate bracket will be based on the value of the taxpayer’s total Australian land (other than exempt / excluded land), resulting in a form of bracket creep.  Effectively, this results in higher marginal land tax rates applying if any e...

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Authors: Robert Nguyen, Jenny Lee,

Published Date: 09 September 2022