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Everything you need to know about the Queensland Land tax update!


The Queensland government has scrapped a proposal to alter land tax arrangements for interstate property investors.
The proposal- which met fierce resistance from the real estate sector and other states, would have seen interstate property holdings taken into account when determining whether an investor meets the threshold for land tax concessions.
Queensland’s premier, Annastacia Palaszczuk, decided to shelve the proposed tax after speaking to interstate leaders who heavily opposed it.
The proposed tax would have allowed the government to use the total value of the investors land holdings, including interstate, in calculating land tax.