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Get Form Osr Lt12
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How to fill out the Form Osr Lt12 online
Filling out the Form Osr Lt12 is a straightforward process designed to assist individuals in claiming an exemption for land used as a home. This guide provides step-by-step instructions to help you complete the form accurately and efficiently.
Follow the steps to fill out the Form Osr Lt12 online.
- Press the ‘Get Form’ button to access the online form and open it in the appropriate editor.
- Begin by providing your personal details in the 'Land owner details' section. Enter your last name, middle name(s), first name, and date of birth. Make sure to include your contact information, such as your address, suburb, state, postcode, email address, and a contact person's name and number, if applicable.
- In the 'Liability date' field, specify the date when the claim is being made for land owned, which should be midnight on that date.
- Describe the land for which you are claiming the exemption in the 'Land details' section. Provide the lot number, plan type (for example, SP or RP), and the plan number, along with the street address and corresponding postcode.
- Address each question under 'Question 1' to determine eligibility. Select 'Yes' or 'No' for each statement related to the continuous residential use and any special circumstances such as hospitalisation. If you select 'No', you may need to provide additional details.
- Proceed to 'Question 2' to indicate whether any part of the land was leased, let, rented, or used for employment or business purposes. Answer 'Yes' or 'No' accordingly.
- If you answered 'Yes' to Question 2, continue to answer Questions 3 to 6, which inquire about allowable letting and the use of the land. Ensure to provide clarification if prompted.
- Complete 'Question 7' by determining whether the non-exempt purpose was substantial and documenting the proportion of the land used as your home. Use the formula provided to calculate this percentage, if applicable.
- Once all questions are answered, go to the Signature block to declare that the information provided is true and correct. Sign and date the form.
- Finally, save changes to your form. You can choose to download, print, or share the completed form online.
Complete your Form Osr Lt12 online today for a smooth exemption claim process.
The current land tax threshold in Queensland is $600,000. This means if you own an individual block of land or multiple lands in Queensland that amount to the threshold, you will be liable to pay land tax. You might also like to calculate your land tax with the Queensland Land tax calculator.
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