2006-07 State Budget announcements
Pay-roll tax
Pay-roll tax relief will be provided from 1 July 2006, with the pay-roll tax threshold to be increased from $850,000 to $1 million
more...Duties
A new first home transfer duty concession will be available for certain acquisitions of vacant land from 1 January 2007 onwards
Transfer duty rates increased from 1 July 2006 for transfers of property over $500,000.
more...Other announcements
Hire duty and marketable securities duty will be abolished from 1 January 2007
more...Land tax
The tax free threshold for resident individual land tax payers will be increased from $450,000 to $500,000 from 1 July 2006
more...Fuel Subsidy scheme
As announced in the 2006-07 State Budget, legislation will be developed to change the definition of fuel under the Fuel Subsidy Act 1997. Presently, fuel must be of a type ordinarily sold by a retailer to qualify for the Queensland Fuel Subsidy.
more...