QLD Labor & Federal Liberal government property taxes sucking the financial blood out of Australians

Queensland's Labor's Absentee ruling combined with the Federal 'Liberal' government's removal of Primary Residence Capital Gains Tax (CGT) exemption for non-residents results in a trifecta of punitive taxes against Australian citizens owning property in Queensland out of the country for over 6 months of a year (Absentee time limit) and if also deemed a non-resident.

They are sucking the financial blood out of Australians who can have a multitude of reasons for being overseas. The governments have gone mad in a cash grab bonanza.

As we now know, 'Absentees' and 'non-residents' are seen as easy targets. We here are not foreign nationals. We are Australian citizens, most of us whom have worked hard all our lives, paid our taxes and continue to pay. We are also not all wealthy with plenty of cash to service exorbitant tax bills. We merely hold property like millions of other Australians.

Liberal Scott Morrison the then Treasurer under the command of Prime Minister Malcolm Turnbull (the most Leftist Liberal leader to hold Prime Minister-ship in the Liberal party) have created the ultimate nail in the coffin for many property owners - especially QLD property owners, now in a huge quandary as to decide whether or not to sell their properties before 30 June 2019 (deadline) or face non-resident CGT at Foreign Resident rates.
Morrison claims LIberal's changes are only a 'scalpel' compared to what Labor will do if they get in with their 'sledgehammer' approach. A pathetic response to justifying such a severe change to the legislation (Bob Hawke in 1985 implements changes to the CGT laws but allowed Primary Residence exemptions to remain in place for non-resident Australian citizens - like the rest of Australians).

The mindset behind the scrapping of CGT Main residence exemption for non-residents is supposedly as part of the housing affordability measures implemented. What they fail to realise, or rather do not care to know about, is the economic fallout being caused to those affected.
It extends to financial losses and psychological trauma. The net was cast too wide and should never captured Australian citizens.

In a downturn market this 30 June 2019 deadline could not come at a worse time for investors and home owners who need to now sell. But people are now being backed into a wall by the tax trifecta. The window to sell now is closing and prices are falling causing an unfair disadvantage.

Aussie expats, self funded retirees, long-term vacationers, people taking Long Service Leave, on Career Breaks, pensioners on dream trips, temporary off-shore workers, students in offshore institutions, visiting family overseas in need, medically unable to return to Australia due to injury or illness, incarcerated whether by fault or otherwise - so many examples of why people can be overseas for more than 6 months in a financial year.

As time goes on, the fallout from these taxes will become more and more apparent. More people will get caught up.  😡

Australia is becoming less and less desirable to invest and even keep your main home to come back to live in when overseas for periods of time, due to the greedy and narrow visioned governments.