Pizza and Property Weekly Slice 89 Queensland Land Tax UNBELIEVABLE Increase ! With Jeremy Iannuzzelli
Queensland land tax is being changed in a big way…
The Queensland government has announced their reform of the state land system. The new land tax system will include an assessment of what an investor owns outside of the state of Queensland.
Land tax historical has assessed the value of the land holding an investor owned in their state, and charged tax at the relevant rate to their land held within the state.
Makes sense right? Well not any more…
According Queensland, that's not how's it's going to work moving forward.
Queensland will now asses the land an investor holds in all states and take those values into account when charging for land tax in Queensland.
Even if this investor is already paying land tax to the state the other land is held in…
This unnecessarily confusing tax is exactly what we're talking about today with property investor and account Jeremy Iannuzzelli
Let's help shed some light on this mad Queensland cash grab of your hard eared money.
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