7/691 Brunswick St

New Farm QLD 4005, Australia

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.

Disclaimer



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.

Share On :

Related Posts

Selling a Tenanted Property in Australia
Sell

Selling a Tenanted Property in Australia

When it comes to selling a tenanted property in Australia, there are certain challenges and opportunities that property owners need to consider. Having a deep understanding of this process will enable you to navigate it effortlessly and optimise your return on investment.

Read More »
House Hacking: How it works and what are the benefits?
Buy

House Hacking: How it works and what are the benefits? 

Are you tired of paying rent or your daily living expenses? If yes then, House hacking might be the right real estate strategy for you. It allows you to live in a property you own while renting out a portion of it to cover your living expenses. You can achieve this by buying a multi-family property and residing in one unit while leasing out the rest, or by renting out rooms in a single-family home.

The rent you collect straightly goes towards your mortgage, property taxes, insurance and other expenses reducing the financial burden.

Read More »
Buying a Home: Balancing Lifestyle and Location
Buy

Buying a Home: Balancing Lifestyle and Location

Finding a beautiful home requires more than just a good eye for real estate. It also demands a deep understanding of how your lifestyle with intersect with the location. Whether it’s a bustling city life or a peaceful countryside, it will affect your daily life & long-term satisfaction. And balancing these key considerations is a key to making a home that truly is yours 

Read More »

Talk to our property experts for free, independent advice.

Thank You!

Your submission was successful.

We will contact you soon