QLDIn ForceAct
Land Tax Act 2010
sec.12Community titles schemes, building units and group titles
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sec.12 Community titles schemes, building units and group titles
To remove doubt, it is declared that, for this Act— a body corporate for a community titles scheme is not the owner of the scheme land for the scheme; and a body corporate under the Building Units and Group Titles Act 1980 is not the owner of land comprised in a BUGTA plan. Although the scheme land, or land comprised in a BUGTA plan, is valued under the Land Valuation Act , the owner of each lot is liable to pay land tax on the lot based on an apportionment of the valuation. See section 29 . s 12 amd 2010 No. 39 s 314 sch 1 pt 2
- (a) a body corporate for a community titles scheme is not the owner of the scheme land for the scheme; and
- (b) a body corporate under the Building Units and Group Titles Act 1980 is not the owner of land comprised in a BUGTA plan.