The application of Queensland land tax to land held in trust by private wealth families can easily be misunderstood.  In the attached article, Lyndon Garbutt and Alex Whitney summarise: the circumstances in which land will be held on trust for land tax purposes; who will be regarded as beneficiaries; and the circumstances in which land held on trust should be eligible for the home exemption and primary production exemption.

Lyndon Garbutt, Principal of West Garbutt co-presented with Liz Goli, Queensland Commissioner of State Revenue on State taxes to the Chartered Accountants of Australian and New Zealand (CAANZ) at their monthly update series in Brisbane, Queensland.  If you want to learn more about land tax and payroll tax in Queensland and what Chartered Accountants can do to help ensure their clients’ affairs are in order, then attached is a copy of their presentation.