A $1 billion hit to the Queensland budget as property market slides
A $1 billion hit to the Queensland budget as property market slides
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
-
A $1 billion hit to the Queensland budget as property market slides A $1 billion hit to the Queensland budget as property market slides
-
This is a copy of an article I published on Medium website 16 September 2018: australias-trifecta-of-property-taxes-impacting-offshore-aus...
-
The Queensland Office of State Revenue have provided an explanation as to how they calculate the 6-month absentee period: .......
No comments:
Post a Comment
Note: only a member of this blog may post a comment.