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
PROPERTY COUNCIL AUSTRALIA IS AGAINST LABOR'S INSANE LAND TAX & ABSENTEE SURCHARGE
This email reply received (14 May 2018) confirms the stance of the Property Council of Australia and continual push for change against this most punitive set of taxes:
"Thanks very much for your email, I am sorry to hear about you’re situation.
The Queensland Government has in recent years increased a number of taxes on property in Queensland. We have and continue to be vocal opponents to these increases including the additional tax on absentee land owners.
Below is a link to our website which contains a summary of the information we have presented to the Queensland Government on this issue.
Property Council Summary of submission to QLD Labor
With regards to your comment about retrospectivity, the Government has the ability through the Budget and supporting Appropriation Bills to set the and change the tax settings. Therefore, there is no ability to stop the changes, however, we can and will continue to advocate that these tax increases should be removed.
Would you be ok if we use your correspondence as another example/case study of who is being impacted by these tax changes? The Government has been trying to claim that the increases only effect those who are rich."
As you can read at the bottom - the QLD Labor government claimed that the increases only effect those that are "rich"!
This is absolutely unbelievable. What is QLD Labor's definition of 'rich'? Do they not understand the complexity of property ownership? There are encumbrances, Superannuation, early payment lump sums, life savings, dual investment, retirees only asset - 'asset rich cash poor' scenario. Is Labor for real? This is the type of socialist government thinking that Labor demonstrates here. Totally out of touch with reality and truly destroying lives in the process.
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