property investment
IndustryReferenced in 3 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 annually. Modelled on Vancouver's successful empty homes tax, it aimed to push an estimated 20,600 vacant homes back onto the rental market. This bill was discharged and did not become law.
Revenue Legislation Amendment Bill 2022
This bill implements major revenue changes from the 2021-22 and 2022-23 State Budgets. It reforms land tax to account for interstate property holdings, introduces higher coal royalties during high price periods, creates a mental health levy on large employers, and provides various stamp duty exemptions for small businesses, retirement visa holders, and deceased estates.
Revenue and Other Legislation Amendment Bill 2019
This bill implements the 2019-20 Budget revenue measures, making significant changes to land tax, payroll tax, and petroleum royalties. It raises taxes on large landholders and foreign property owners while providing relief for small businesses, regional employers, and those who hire apprentices.