A New Tax System (Goods and Services Tax) Act 1999 (Cwlth)
LegislationReferenced in 2 bills
Land Tax and Other Legislation (Empty Homes Levy) Amendment Bill 2022
This bill proposed an Empty Homes Levy to tackle Queensland's housing crisis by taxing vacant residential properties and undeveloped land at 5% of their capital improved value each year. Modelled on Vancouver's empty homes tax, which reduced vacancies by 24%, it aimed to push an estimated 20,600 vacant homes back onto the rental market over four years. This was a private member's bill introduced by Dr Amy MacMahon MP (Member for South Brisbane). It was discharged and did not become law.
Revenue Legislation Amendment Bill 2024
This bill removes stamp duty for first home buyers purchasing new homes or vacant land in Queensland, lets home buyers rent out part of their property without losing their duty concession, and exempts medical practices from payroll tax on wages paid to GPs. It delivers on commitments made during the 2024 State Election campaign.