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.
To access the article please click here: 2019_1 Queensland land tax – exemptions applicable to trusts