Greens bill will see investors pay 5% levy on all residential property left vacant for more than six months
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The Queensland Greens say their proposal to tax investors for vacant homes could see tens of thousands of properties returned to the rental market during a nationwide housing crisis.
The bill, introduced into parliament on Thursday, proposes charging investors a 5% levy of the “capital improved value” of all residential property and land that has been vacant for six months or more in a year.
Continue reading…Greens bill will see investors pay 5% levy on all residential property left vacant for more than six monthsGet our free news app, morning email briefing or daily news podcastThe Queensland Greens say their proposal to tax investors for vacant homes could see tens of thousands of properties returned to the rental market during a nationwide housing crisis.The bill, introduced into parliament on Thursday, proposes charging investors a 5% levy of the “capital improved value” of all residential property and land that has been vacant for six months or more in a year.Sign up for the fun stuff with our rundown of must-reads, pop culture and tips for the weekend, every Saturday morning Continue reading…