Duties & Taxes

Queensland

Stamp Duty
In Queensland stamp duty on leases is on:

  • Any premium, fine or other consideration payable on the surrender of a lease of land,
  • Premiums, fines or other consideration payable for the grant of the lease,
  • Consideration paid for, or the value of, any moveable chattels taken over by the lessee from the lessor or outgoing lessee,
  • if a business is to be conducted on the leased premises, any amount charged for the lease in excess of what would be rent if a business was not conducted.

Taxes
GST is generally payable on rent and outgoings for commercial leases. Rent is typically assessable
income. Capital gains tax may be assessable on any fee paid for an assignment of a lease or potentially
a grant of lease (key-money).

Upon request we can, provide advice regarding stamp duty or assist you or your accountant with legal interpretation regarding duties or taxes.
Contact us to find out how we can help.

 

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