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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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