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.
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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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Questions sent to Queensland Office of State Revenue to seek clarification regarding Absentee statusI recently spoke to an officer at the Queensland Office of the State Revenue seeking clarification on issues surrounding the interpretatio...
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