Aug 22, 2022
Queensland’s tax code is changing, and investors with properties
in the state might be in for a surprise.
In this episode of The Smart Property Investment Show, host Phil
Tarrant sits down with Tony Greco, general manager of technical
policy at the Institute of Public Accountants, to parse out
everything Queensland investors should know about the forthcoming
changes.
Tony explains how an investor’s entire portfolio, including
properties in other states, will now be taken into account when
determining an investor’s annual land tax.
The duo discuss some of the potential repercussions of this change,
including deterring landlords from participating in the Sunshine
State’s property market, and how reporting is likely to work when
the changes roll out next year.
Tony also walks listeners through some examples of how an
investor’s tax bill might change once the amalgamation rule comes
into effect.
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