Capricious and unconscionable outcomes for property owners in Victoria being slugged with massive Land Tax.
This article reveals just how punitive the taxes are. And QLD of course is even worse as we know targetting Aussies with an Absentee Surcharge on top.
Capricious and unconscionable outcomes for property owners in Victoria being slugged with massive Land Tax.
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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