Bligh Government lifts tax burden on real estate trusts
Source: Queensland. Treasurer. Media Release
"In a bid to increase investment in Queensland, the Bligh Government will provide relief from duties paid to facilitate the restructure of stapled entities. Treasurer Andrew Fraser said the change would be of particular assistance to stapled Australian real estate investment trusts.
“This Government is about stimulating and attracting additional investment in Queensland,” Mr Fraser said. “Australian Real Estate Investment Trusts must compete for capital and product in international markets. “This will increase AREITs’ ability to compete in international markets for investment.” Stapled entities wishing to simplify their present structures and become more cost-effective will benefit from this change."