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  • Form Lt11 Land Tax Exemptionland Used For Agriculture, Pasturage ...

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FORM OSR LT11Land tax exemption land used for the business of agriculture, pasturage or dairy farming Version 11 April 2016Land Tax Act 2010 sections 53 and 76(1)Complete this form to claim a primary.

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Land is exempt if it is owned by the Crown in the state of Victoria or vested in a Minister of the Crown. However, where land is leased from the Crown, the lessee is the deemed owner and thus liable for land tax. Similarly, a licensee of Crown Land with any right to acquire the land is also liable for land tax.

As an individual, you are liable for land tax if the total taxable value of your freehold land—comprising land owned solely and your share in land owned jointly with others—at 30 June is $600,000 or more. The taxable value of your land is based on your annual land valuation issued by the Valuer-General.

The land (or combined adjoining land) must be: 0.8 hectare in size; and. used wholly or mainly for the business of primary production.

An owner may be eligible for a land tax exemption if they use land wholly or partly as their principal place of residence. For detailed information about the exemption, see the following public rulings: The land tax exemption for a home (LTA000. 1)

Assuming no changes in value at 30 June 2022 and 30 June 2023, the Queensland land tax payable (no land tax exemptions applying) is: 30 June 2022: $1,950. 30 June 2023: $8,422.37.

The PPL exemption may apply to land if the dominant use of the land is commercial fishing or commercial farming of fish. For the purposes of the exemption, “fish” includes marine, estuarine or freshwater fish, oysters, molluscs, crustaceans or other aquatic animals.

Land tax is a tax on freehold land, which includes: vacant land. land that is built on (e.g. your home, an investment property) lots in building unit plans.

You can claim a home exemption on land, or the part of land, you use as your home. Individuals and trustees of trusts and superannuation funds may be eligible for a home exemption; but companies, foreign companies, trustees of foreign trusts and absentees are not.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232