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
QLD Absentees also facing massive Council Rate hikes too
A Current Affair story broadcast 16 Aug 2018 about the skyrocketing Council Rates across Australia - will only exacerbate the financial struggles being experienced by home owners - whether they are in Australia or not.
Absentees will cop it yet again with piles of bills and Land & Absentee taxes to wipe out incomes, savings and other nest eggs and force people to sell.
An elderly lady who owns a home was interviewed on the program and aptly stated, "Just because houses are selling at a high price doesn't mean people are rich" (4.15 to 4.20 minutes).
People are hitting the wall. This is a disgrace.
This causes more impetus to take action against the QLD labor government to demonstrate the ridiculously excessive taxes we have to pay to hold a property as an Aussie absentee when we are already paying and contributing in so many other ways at HUGE costs.
A Current Affair - national council rates hike
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