Queensland Consolidated Acts

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LAND TAX ACT 2010 - SECT 20

Separate assessment of trust land

20 Separate assessment of trust land

(1) The liability for land tax of a taxpayer who is a trustee of a trust must be separately assessed on the taxable land that is subject to the trust, as if that land were the only land owned by the taxpayer as a trustee.
(2) However, subsection (1) does not apply if—
(a) the taxpayer is trustee of more than 1 trust; and
(b) the interests of the beneficiaries of 2 or more of the trusts are, when the taxpayer’s liability for land tax arises, the same.
(3) If subsection (1) does not apply, the taxpayer’s liability for land tax as trustee of the trusts mentioned in subsection (2) (b) must be assessed on the total taxable value of all taxable land that is subject to those trusts.



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