EXAMPLE OF HOW QUEENSLAND PROPERTY OWNERS ARE DISADVANTAGED FROM OTHER STATES WHERE AUSTRALIAN PROPERTY OWNERS CAN TRAVEL WITH IMPUNITY
Please read and then watch the video below:
I just watched this story televised on Channel 10's The Project about an AirBnB disaster story. Terrible what happened. Over $20,000 in damage. But at least this family who leased out their property are from Victoria. They took off on a 10 month overseas adventure for them and the kids.
You see, that's something Queensland property owners CANNOT do. You need to reduce that to under 6 months. And hope and pray nobody gets sick or injured that prevents you getting back before the 6 month clock alarm rings.
Otherwise, you are going to pay dearly with the MASSIVE special rate Land Tax and Absentee Surcharge. And that is something most Australian owners of property in Queensland cannot afford.
A $20,000 tax bill is worse. Why? Because unlike a damage bill, this terrible experience with dodgy tenants won't likely be repeated. That means they and others owning outside QLD can rent their homes out and take that travel adventure overseas - enriching the experience and minds of their children.
But the QLD taxes stay around your neck forever charging you EVERY TIME you exceed 6 months.
Queensland property owners are being treated like children who need to be home in time by their Labor 'parents' or be punished.
Be warned - Queensland government monitor your immigration movements and tally up the absent periods. So don't think you could get away with it. Plus, not notifying the Office of State Treasury of your extended absence could attract further fines and interest charged too.
Thanks Dictator Palaszczuk and Curtis Pitt and the rest of QLD Labor cronies for ruining and restricting our freedoms and lives.
I need to say I envy people like this who have freedom of movement and impunity. Unlike us.
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.
Subscribe to:
Post Comments (Atom)
A $1 billion hit to the Queensland budget as property market slides
A $1 billion hit to the Queensland budget as property market slides A $1 billion hit to the Queensland budget as property market slides
-
SUICIDE A REAL RISK FOR THOSE SUFFERING FINANCIAL HARDSHIP AT THE HANDS OF QLD LABOR'S LAND TAX & ABSENTEE SURCHARGE The implemen...
-
A popular Property Chat forum I am subscribed to has a few people that respond who support/defend the QLD Absentee Surcharge and Land tax. I...
-
NO NEWS YET ON BILL REGARDING SCRAPPING OF CGT TAX EXEMPTION FOR NON-RESIDENT OWNING A PRIMARY RESIDENCE No news it seems yet on the ...
No comments:
Post a Comment
Note: only a member of this blog may post a comment.