Everything investors need to know about Qld’s tax changes

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.