Show notes
Friday 12th August 2022The 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 Lawlab01:30 - Unprecedented New Changes to Queensland Land Tax Policy02:17 - A high level review of these new changes03:20 - How The Changes Are Calculated06:06 - How Queensland Land Tax is now looking at your entire portfolio07:44 - 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 right11:00 - Where can you find out your land value11:32 - Can investors contest or have any rights to argue against this?13:10 - How Entities Such As Companies and Trusts Are Impacted15:23 - As a result of this new land tax law, investors will need to really give a good think about the entity they purchase in16:05 - Structuring your purchasing entities is critical in this environment19:11 - Lawlabs opening questions when approaching tax benefits or reduced liabilities20:06 - Existing investors, how will they be impacted and what can they do?22:00 - The current state of Queensland home supply24:20 - Rents going through the roof and how landlords may just pass on these costs26:27 - How to get in contact with LawLab for the ultimate assistance