Heise Says
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Queensland is essentially taxing land in other states and renters will end up paying the price.
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> just rem kids…if you have all your yuan tied up in Aussie housing…you cant shift it without telling the gov ect… > that means that the vast majority of people…are rats in (small – sub 500 SM blocks ) cages…just ripe for the milking …ever see that esp of the Simpsons with that RAT MILKING SCENE > aaannnd thattts YOU !
A good way to cause trouble is force them to provide a paper and mail way to declare the land. Spread the word to not use the QRO online system and everyone start to call the relevant government agency and argue for paper forms and a mailing address. You just need enough people to do this to apply enough pressure that they will need to drop the new system as they will not actually have enough staff to deal with the mail and to enforce compliance.
lol typical lefty gov
and aussies love it
To get $6,450.00 you have to earn about $9500.00 depending on your marginal tax rate .
The size of your government is disproportional for the size of the population!
Get rid of states; do you really need to have such level of bureaucracy?
What does your State constitution say whether the State government has jurisdiction to tax citizens interstate?
To make your life miserable n in debt. So The more hours you work the more taxes you pay…
I will just clarify the situation, here is an example, you currently own two properties in qld , land value 700k each , 1.4 million total , you currently pay $5, 550 property tax on each . You neighbor owns one property in qld , and one property in nsw, both valued at 700k each, he currently pays no tax on his nsw property, and only $1,500 on his qld property, because he is only taxed as if he owns one property in Australia, the New law doesn't tax his nsw property, but his qld property will be taxed at the same rate as the guy who owns two properties in qld , that is $ 5,550, he can no longer claim he has only one property, because currently he's getting a discount on his tax from both state governments, all this new law does, is make every who owns investment property in qld pays the same . The guy still pays no tax on his nsw property. It's all on the government website. Hope this clarifies lot of misinformation.
sounds more like they are closing a loop hole that allow people to own millions of dollars of real estate in other states and claim tax free on queensland land as if you have one property
" Why is the QLD government doing this ? " . They are going to demolish the totally rebuilt world class Gabba Stadium and spend 1 billion dollars ( be double this figure ) rebuilding it in the same location .
It seems you are paying double tax to QLD and other states at the same time!
Double taxation; is it permissible/legal under the constitutions?
How about tax for land own in Earth and Uranus!
It comes to my mind the phrase "tax the rich".
This is insane to have your rates going up without receiving any extra benefits.
Rigged elections wake up ppl !
What are they going to do if people don't Consent to creating a QRO account?
I know many Directors who haven't even done that Director ID BS & nothing has happened to them
Probably will result in interstate multiple landholders selling up their QLD property…
Here is another way to look at this, you own two properties in qld Value 700k each, 1.4 million total, you currently pay$5,550 land tax on each property. Your neighbor owns only one property in qld total value 700k, he only pays $1,500 in land tax , he gets a discount because he only has one property, now he goes and buys a property in nsw ,value 700k, there he pays no tax , you own two properties in qld and currently pay $11,100 in tax , your neighbor now owns two properties of the same value but in different states, he only pays $ 1,500 in tax on his qld property , the new scheme will make him pay the same as you $5,550 on his qld property, and still nothing on his nsw property, I think that's a fairer way .
Qld gov are so out of touch, they are worse than junkies trying to get any cash out of anywhere
Buy in?… Other countries…. >go where you're treated best
If you don't want to pay the tax, don't own the land. If you can't afford rent increases, just work more unpaid overtime.
Own nothing…. Start a company…. Never play their game…. Play them at their games
So funny 😂 , there are all the exemptions , as usual ! OMG 😳, you will have nothing and be happy 😃
What happens if the other states and territories adopt similar? I see a big steaming pile developing.
Very american
Here is another loophole that needs fixing, if a landlord owns 8 properties say in qld , valued at 700k each ,total $ 5.6 million, he will pay around 125k property tax, if another landlord owns 8 properties , but one in each state, he pays little to no tax, because he claims to each state government that he owns only one property, this is one country , and we should be taxed as one country.
Why don’t the queensland government add overseas property to there property tax they could get billions from the NFT funds and overseas companies.
Will collapse the qld market
Come on guys THE GOVERNMENT IS HERE TO HELP YOU.! TRUST ME I HAVE A BRIDGE TO SELL YOU.!
Lets say I'm a Billionaire. I buy one investment property in every state in Australia. In each state I am under the tax free threshold. I deploy hundreds of millions of dollars to do this in every country in the world. I benefit from all the public works projects around my land paid for through taxes, thereby increasing my land's value. I pay no tax. I receive income from tenants. I have capital gains when I sell. I contribute nothing.
You will own nothing and be happy. They will own everything in their fiefdom….even you!
so they want interstate investors to sell their qld property? do other states do this?
Australians will love this – "tax everyone except me"
Australians don't aspire to be better, they prefer to bring successful people down to their level
When your a bankrupt state you get desperate….
Soon to be a tent utopia
why is the rental crisis happening :'(
Better double the rent.
Govts are hopeless, go after the easy money by taxing people. Not creating anything.
The Socialist system with the welfare system will destroy Australia !!.
Then they'll do a rental freeze or cap the rental price per area…… meaning they can't pass it on…… force people to sell.
Income tax rate is calculated based on your global total income and Australia taxes what was earned in Australia. The land value tax is calculated based on your nationwide land value and the value of what is in queensland is taxed in queensland. It would be nice if I could have 2 jobs in 2 countries each for half the year and decrease my marginal tax rate in both countries while making the same gross income. It doesn't work like that because that would be unfair to everyone else making the same gross income. This change works on the same principle and should be common sense.
Land tax calculated according to land holdings Australia wide! Hmm..
Why only in Australia? Include land owned worldwide! Why only land? Include all other assets and calculate QLD land tax based on the total wealth of the individual including their siper!
QLD government, you have gone nuts
Totally agree that the rental availability will reduce further as many interstate investors will sell up QLD properties and will look at investing in friendlier states. Those investors who will be brave to stay put in QLD will increase rents due to increased competition for rentals
I own land only in sth australia, will i now have to pay taxes on QLD
Hory Sheet, how about mega shopping centres like Westfield?
😂 but how will government pay for all the wastage?