Queensland Consolidated Acts

LAND TAX ACT 2010 - SECT 12

12 Community titles schemes, building units and group titles

To remove doubt, it is declared that, for this Act—

(a) a body corporate for a community titles scheme is not the owner of the scheme land for the scheme; and

(b) a body corporate under the Building Units and Group Titles Act 1980 is not the owner of land comprised in a BUGTA plan.

Note—

Although the scheme land, or land comprised in a BUGTA plan, is valued under the Land Valuation Act , the owner of each lot is liable to pay land tax on the lot based on an apportionment of the valuation. See section 29 .