-
Queensland’s new land tax to worsen rental crisis: REIQ

 
 Queensland would most likely sink deeper into the rental crisis as the new land tax routine usually takes effect upcoming year. The Real Estate Institute of Queensland (REIQ) renewed its phone calls to repeal what it believes to be an “illogical” policy on land tax. REIQ CEO Antonia Mercorella mentioned the condition pushed for the land tax with out appropriate lawful and taxation guidance from experienced stakeholders. “There is no other condition or territory that prices point out land tax dependent on the value of houses held across Australia and outdoors the jurisdiction exactly where the tax is gathered — it’s unparalleled and unheard of for a rationale,”…