All Topics / Legal & Accounting / Best Owner Structure to Minimize Land Tax
- sara-janeParticipant@sara-janeJoin Date: 2020Post Count: 0
I posted in finance but thought this might be more relevant…
My husband and I are looking at buying a residential property and I’m wanting to understand what options I may have in terms of ownership structure that could help minimize land tax. We are in Queensland and already paying land tax. So far all of our properties are in shared names, so I’m not overly familiar with different trusts etc though someone mentioned a bare trust? We are looking at finance with Virgin Money so also wondering what structures would be acceptable to their lending framework. Any help would be appreciated, thanks.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
this will all depend on where the land will be as land tax is governed by state legislation. Something you should seek legal advice on.
A bare trust won’t really help though.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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