PRISONERS OF THE QUEENSLAND STATE
Aussie property owners in Queensland are effectively economic prisoners in Australia for 6 months every year.
No other state has this punitive condition imposed on its citizens who own property there. Unique to Queensland home owners and investors alike.
Stay one day more than 6 months outside Australia and face the trifecta of truly excessive punishing taxes - Land Tax + Corporate rate at reduced threshold + Absentee Surcharge.
Don't pay and the government seize your property, sell it off, send you skint and potentially send you to gaol! Nice government you have.
Other States & Territory - Freedom to travel, work and live overseas without the punitive taxes and surcharge.
Victoria applies this only to foreign investors - not to its Australian citizens.
In a globalised world, property owners have many reasons to go outside Australian waters - this set of taxes is truly archaic, backwards, narrow minded and a tax grab at a smaller percentage of people whom votes won't matter to Labor.
Problem is though as time goes on more and more Queenslanders will realise they too are victims of the legislation when their life circumstances change or they wish to travel at some stage.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.