Land For Sale in Brisbane: Understanding Land Tax and Minimising It

Land tax is an annual tax levied on the owners of land in Queensland. It is a state tax that’s calculated on the freehold QLD land you own on the midnight of June 30 each year. If you plan to purchase land for sale in Brisbane, you need to familiarise yourself with the various land tax thresholds of the states so you can keep your obligations in check. The more you know, the less likely the possibility you’ll be surprised by a large unexpected bill.

Can land tax be a serious problem?

When you have only one or two properties in your portfolio, land tax is rarely a serious problem. However, as your portfolio increases, this type of tax can start to take a huge chunk out of your assets. Read more from this blog. http://bit.ly/2lmVP0g