Queensland’s premier has pulled the plug on deliberate modifications to a land tax that will have successfully lowered the brink for landowners with property throughout a number of states.
The tax got here beneath heavy latest campaigning from the opposition and property teams who mentioned the burden would fall on renters, after its announcement within the December finances replace.
Premier Annastacia Palaszczuk made the decision to shelve the tax modifications on Friday.Credit score:Rhett Hammerton
However Premier Annastacia Palaszczuk and Treasurer Cameron Dick had defended the change, to return into impact subsequent July, with Dick describing it as an effort to cease buyers avoiding tax by spreading property throughout jurisdictions and beneath their thresholds.
Whereas Dick advised he was unaware of opposition from different states and territories, some have just lately spoken out towards the transfer, with Palaszczuk earlier this week flagging she would converse to colleagues whereas in Canberra on Friday for a gathering of nationwide cupboard.
On Friday morning the premier didn’t tackle the change publicly, however had deferred the land tax change, leaving the door open for it to be rolled out at a later date.
A spokesperson for Dick mentioned: “The Treasurer stands by all the things he’s mentioned about land tax, however after all he accepts the choice the Premier has made after speaking to different leaders”.
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