Queensland Consolidated Acts

LAND TAX ACT 2010 - SECT 41

41 Exemption for land used as home

(1) This section applies to land that is—

(a) comprised in 1 parcel; and

(b) either—

(i) owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or

(ii) owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and

(c) not used for a non-exempt purpose.

(2) The land is exempt land.

(3) This section is subject to section 43 .

Note—

A co-owner, other than a trustee, who does not use the land as his or her home can not obtain a benefit under this section (see section 22 (3) ).