QUEENSLAND LAND TAX CHANGES FOR 2023 HAVE BEEN SHELVED!
Recently we wrote about the upcoming changes to land tax in Queensland, earmarked for 2023. You can review the article here.
Since that time, we are pleased to say, the state government has now backflipped on implementing this very unpopular legislation. Although not saying it’s completely off the table for the future and the QLD treasurer firmly standing by the tax, I think the government may just be trying to save a little face here by saying they are shelving them and may consider again in future.
These laws were widely pushed back on from industry bodies and other state governments as discouraging investment in QLD and potentially escalating an already existing rental crisis. It’s good to see that common sense has prevailed. Let’s hope they never see the light of day again!
You can read more here.