The 2017 Labor Government Budget introduced changes to the Land Tax Act that causes nearly all Australian citizens owning property in Queensland, who are overseas for 6 months or more in a financial year, to be subjected to a combined Land Tax (at a reduced threshold) as well as an Absentee Surcharge at 1.5% of the value of your land. Prisoners of the State.
Tuesday 25 September 2018
EXAMPLE FROM A REAL LIFE STORY OF A TERMINALLY ILL MAN UNABLE TO RETURN TO AUSTRALIA - WHAT IF HE OWNED A QLD PROPERTY?
This news article is a prime example of how somebody struck down with an illness overseas and unable to return in time (before the 6 month QLD Land Tax curfew) would then be slugged with the massive Land Tax & Absentee Surcharge. This story released in the Sydney Morning Herald on 5 Aug 2018 is about a terminally ill man stuck in Bali. Imagine if he held a QLD property? A double whammy for him and his eventual grieving family. The Office of the State Revenue have clearly stated that there is no exemption for medical issues. They are brutal.
Terminally ill dad stuck in Bali
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