I have created a new YouTube channel today titled 'Queensland Land Tax & Absentee Surcharge'
I have uploaded a video that appears on another channel (Property Club channel), but this channel will be dedicated solely the Queensland Absentee Surcharge and accompanying Absentee rate Land Tax - as it affects Australian citizens.
Here is the link to the YouTube channel where you can select videos from:
Land Tax & Absentee Surcharge YouTube Channel
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.
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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
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A $1 billion hit to the Queensland budget as property market slides A $1 billion hit to the Queensland budget as property market slides
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This is a copy of an article I published on Medium website 16 September 2018: australias-trifecta-of-property-taxes-impacting-offshore-aus...
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The Queensland Office of State Revenue have provided an explanation as to how they calculate the 6-month absentee period: .......
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