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This is a Bill, not an Act. For current law, see the Acts databases.
Queensland
Land Tax Amendment
Bill 2005
Queensland
Land Tax Amendment Bill 2005
Contents
Page
1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
4 Replacement of s 9 (Amounts and rates of land tax) . . . . . . . . . . 4
9 Amounts and rates of land tax . . . . . . . . . . . . . . . . . . 4
5 Omission of s 9A (Rebates) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6 Amendment of s 11 (Taxable value) . . . . . . . . . . . . . . . . . . . . . . . 5
7 Amendment of s 13 (Land exempted from tax) . . . . . . . . . . . . . . 5
8 Amendment of s 16 (Taxpayer to furnish returns) . . . . . . . . . . . . 6
9 Amendment of s 18 (Assessments, assessment registers,
and notice) ..................................... 6
10 Replacement of s 62 (Application of particular amendments) . . . 6
62 Application of particular amendments . . . . . . . . . . . . 7
11 Amendment of pt 9 (Transitional provision for Natural
Resources and Other Legislation Amendment Act 2001) . . . . . . 7
12 Insertion of new schs 1 and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Schedule 1 Amounts and rates of land tax--particular
individuals
Schedule 2 Amounts and rates of land tax--company,
absentee or trustee
2005
A Bill
for
An Act to amend the Land Tax Act 1915
s1 4 s5
Land Tax Amendment Bill 2005
The Parliament of Queensland enacts-- 1
Clause 1 Short title 2
This Act may be cited as the Land Tax Amendment Act 2005. 3
Clause 2 Commencement 4
This Act commences on 1 July 2005. 5
Clause 3 Act amended 6
This Act amends the Land Tax Act 1915. 7
Clause 4 Replacement of s 9 (Amounts and rates of land tax) 8
Section 9-- 9
omit, insert-- 10
`9 Amounts and rates of land tax 11
`The amounts and rates of land tax are-- 12
(a) for land owned by an individual (otherwise than in the 13
capacity of trustee) who is not an absentee--the 14
amounts and rates stated in schedule 1, column 2, 15
opposite the taxable value of the land stated in schedule 16
1, column 1; and 17
(b) for land owned by a company, absentee or trustee--the 18
amounts and rates stated in schedule 2, column 2, 19
opposite the taxable value of the land stated in schedule 20
2, column 1.'. 21
Clause 5 Omission of s 9A (Rebates) 22
Section 9A-- 23
omit. 24
s6 5 s7
Land Tax Amendment Bill 2005
Clause 6 Amendment of s 11 (Taxable value) 1
Section 11(3) and (4)-- 2
omit, insert-- 3
`(3) In calculating the taxable value of all land owned by an 4
individual (otherwise than in the capacity of trustee) who is 5
not an absentee, an amount equal to the relevant unimproved 6
value of the land, or the part of the land, being used solely for 7
the business of agriculture, pasturage or dairy farming is to be 8
deducted.'. 9
Clause 7 Amendment of s 13 (Land exempted from tax) 10
(1) Section 13(1)(i) to (k)-- 11
omit. 12
(2) Section 13(1)-- 13
insert-- 14
`(o) land used predominantly as a moveable dwelling park if 15
more than 50% of sites in the moveable dwelling park 16
are occupied, or solely available for occupation, for 17
residential purposes for periods of more than 6 weeks at 18
a time.'. 19
(3) Section 13(1)(l) to (o)-- 20
renumber as section 13(1)(i) to (l). 21
(4) Section 13(5)-- 22
insert-- 23
`caravan see the Residential Tenancies Act 1994 section 3A. 24
manufactured home means a structure, other than a caravan 25
or tent, that-- 26
(a) has the character of a dwelling house; and 27
(b) is designed to be able to be moved from 1 position to 28
another; and 29
(c) is not permanently attached to land. 30
s8 6 s 10
Land Tax Amendment Bill 2005
moveable dwelling park means a place where caravans or 1
manufactured homes are situated for occupation on payment 2
of consideration. 3
site, for a moveable dwelling park, means a site in the 4
moveable dwelling park where a caravan or manufactured 5
home is, or is intended to be, situated.'. 6
Clause 8 Amendment of s 16 (Taxpayer to furnish returns) 7
(1) Section 16(1)(a), `$170 000'-- 8
omit, insert-- 9
`$300 000'. 10
(2) Section 16(1)(b)(iii)-- 11
omit, insert-- 12
`(iii) for a financial year beginning on or after 1 July 13
2003 but before 1 July 2005--$275 997 or more; 14
or 15
(iv) for a financial year beginning on or after 1 July 16
2005--$450 000 or more;'. 17
Clause 9 Amendment of s 18 (Assessments, assessment registers, 18
and notice) 19
(1) Section 18(4)-- 20
omit. 21
(2) Section 18(5)-- 22
renumber as section 18(4). 23
Clause 10 Replacement of s 62 (Application of particular 24
amendments) 25
Section 62-- 26
omit, insert-- 27
s 11 7 s 12
Land Tax Amendment Bill 2005
`62 Application of particular amendments 1
`This Act, as amended by the Land Tax Amendment Act 2005, 2
applies to land tax levied for the financial year beginning on 1 3
July 2005 and each later financial year.'. 4
Clause 11 Amendment of pt 9 (Transitional provision for Natural 5
Resources and Other Legislation Amendment Act 2001) 6
(1) Part 9, heading-- 7
omit, insert-- 8
`Part 9 Transitional provisions 9
`Division 1 Transitional provision for Natural 10
Resources and Other Legislation 11
Amendment Act 2001'. 12
(2) Part 9-- 13
insert-- 14
`Division 2 Transitional provision for Land Tax 15
Amendment Act 2005 16
`64 Application of s 18 17
`For levying land tax payable for a financial year before the 18
financial year beginning on 1 July 2005, section 18(4) of this 19
Act as in force before 1 July 2005 continues to apply.'. 20
Clause 12 Insertion of new schs 1 and 2 21
After section 64 (as inserted by this Act)-- 22
insert-- 23
s 12 8 s 12
Land Tax Amendment Bill 2005
`Schedule 1 Amounts and rates of land 1
tax--particular individuals 2
section 9(a) 3
Column 1 Column 2
Taxable value Tax payable
less than $450 000 nil
$450 000 or more but less than $400 plus 0.7c for each $ more
$750 000 than $450 000
$750 000 or more but less than $2 500 plus 1.45c for each $
$1 250 000 more than $750 000
$1 250 000 or more but less than $9 750 plus 1.5c for each $
$2 000 000 more than $1 250 000
$2 000 000 or more but less than $21 000 plus 1.65c for each $
$3 000 000 more than $2 000 000
$3 000 000 or more 1.25c for each $ of the taxable
value
s 12 9 s 12
Land Tax Amendment Bill 2005
`Schedule 2 Amounts and rates of land 1
tax--company, 2
absentee or trustee 3
section 9(b) 4
Column 1 Column 2
Taxable value Tax payable
less than $300 000 nil
$300 000 or more but less than $1 500 plus 1.5c for each $
$750 000 more than $300 000
$750 000 or more but less than $8 250 plus 1.65c for each $
$1 250 000 more than $750 000
$1 250 000 or more but less than $16 500 plus 1.8c for each $
$2 000 000 more than $1 250 000
$2 000 000 or more 1.5c for each $ of the taxable
value'.
© State of Queensland 2005
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