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Queensland Real Estate Tax Tips

Queensland Real Estate Tax Tips

If you own real estate in Queensland, you may be liable to pay land tax. Land tax is a state tax that is calculated based on the taxable value of your land. If you are liable to pay land tax, there are several things you can do to reduce your tax liability. Here are some real estate tax tips from Sapphire Estate Agents Queensland:

Claim all eligible exemptions

There are several exemptions available for land tax in Queensland.

For example, the principal place of residence exemption means that you are not liable to pay land tax on your primary residence. 

You may also be eligible for other exemptions, such as the pensioner exemption, the charity exemption, or the primary production exemption.

Structure your property ownership

The way you structure your property ownership can have a significant impact on your land tax liability.

For example, if you own multiple properties, you may be able to reduce your tax liability by transferring some of the properties to a trust or company.

Take advantage of land tax deductions

There are several deductions available for land tax in Queensland.

For example, you can deduct the cost of land improvements, such as fences and pools. You can also deduct the cost of holding the land, such as interest on mortgages and council rates.

Keep your land tax valuation up to date

The Queensland Government Valuer-General determines the taxable value of your land. 

It is important to keep your land tax valuation current, as an inaccurate valuation could lead to you overpaying land tax.

Seek professional advice

If you are unsure about your land tax liability, contact our property experts at Sapphire Estate Agents Queensland.

Here are some additional tips for Queensland real estate investors:

  • Consider investing in a property that is eligible for the First Home Buyer Grant. First-home buyers can receive a grant of up to $15,000 towards the purchase of their first home in Queensland.
  • Take advantage of the negative gearing provisions. Negative gearing allows you to offset your rental losses against your other income, which can reduce your overall tax liability. 
  • Depreciate your investment property. Depreciation allows you to claim a deduction for the wear and tear of your investment property over time.
  • Keep good records. It is important to keep good records of your investment property income and expenses. This will make it easier to prepare your tax return and claim all eligible deductions.

By following these real estate tax tips, you can reduce your land tax liability and maximise your profits from your Queensland real estate investment.


This information is for general informational purposes only and is not intended as professional advice. While we strive to present accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content provided.

Real estate transactions and financial decisions involve complex considerations that may vary based on individual circumstances. Do not consider the content provided as a substitute for professional advice tailored to your specific situation.

Conducting thorough research and consulting with licenced and experienced professionals in the relevant fields is crucial. Every individual’s financial and real estate situation is unique, and professional advice is essential to making informed decisions.

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