Friday 12th August 2022
The Queensland Land Tax Robbery! What a fun episode we've just had. Today, I had the pleasure of chatting with Richie Muir, Legal Director of LawLab conveyancing. I can think of no one else better to have a chat with on the recent passing of the Queensland Land Tax (robbery) law.
Want to get the full rundown on the Queensland Land Tax? Tune in!
CHAPTERS:
0:00 Introduction to Richie Muir from Lawlab
01:30 - Unprecedented New Changes to Queensland Land Tax Policy
02:17 - A high level review of these new changes
03:20 - How The Changes Are Calculated
06:06 - How Queensland Land Tax is now looking at your entire portfolio
07:44 - How you maybe paying land tax in Queensland when you otherwise wouldn’t of
09:00 - Will there be any issues with states being able to obtain your portfolio details and what will the process be.
10:25 - The Implications of not feeling out your declaration right
11:00 - Where can you find out your land value
11:32 - Can investors contest or have any rights to argue against this?
13:10 - How Entities Such As Companies and Trusts Are Impacted
15:23 - As a result of this new land tax law, investors will need to really give a good think about the entity they purchase in
16:05 - Structuring your purchasing entities is critical in this environment
19:11 - Lawlabs opening questions when approaching tax benefits or reduced liabilities
20:06 - Existing investors, how will they be impacted and what can they do?
22:00 - The current state of Queensland home supply
24:20 - Rents going through the roof and how landlords may just pass on these costs
26:27 - How to get in contact with LawLab for the ultimate assistance
Friday 12th August 2022
The Queensland Land Tax Robbery! What a fun episode we've just had. Today, I had the pleasure of chatting with Richie Muir, Legal Director of LawLab conveyancing. I can think of no one else better to have a chat with on the recent passing of the Queensland Land Tax (robbery) law.
Want to get the full rundown on the Queensland Land Tax? Tune in!
CHAPTERS:
0:00 Introduction to Richie Muir from Lawlab
01:30 - Unprecedented New Changes to Queensland Land Tax Policy
02:17 - A high level review of these new changes
03:20 - How The Changes Are Calculated
06:06 - How Queensland Land Tax is now looking at your entire portfolio
07:44 - How you maybe paying land tax in Queensland when you otherwise wouldn’t of
09:00 - Will there be any issues with states being able to obtain your portfolio details and what will the process be.
10:25 - The Implications of not feeling out your declaration right
11:00 - Where can you find out your land value
11:32 - Can investors contest or have any rights to argue against this?
13:10 - How Entities Such As Companies and Trusts Are Impacted
15:23 - As a result of this new land tax law, investors will need to really give a good think about the entity they purchase in
16:05 - Structuring your purchasing entities is critical in this environment
19:11 - Lawlabs opening questions when approaching tax benefits or reduced liabilities
20:06 - Existing investors, how will they be impacted and what can they do?
22:00 - The current state of Queensland home supply
24:20 - Rents going through the roof and how landlords may just pass on these costs
26:27 - How to get in contact with LawLab for the ultimate assistance