‘Cowering before wealthy investors’: Queensland scraps tax changes targeting interstate landlords

Backflip comes after resistance from real estate industry and NSW's refusal to hand over information

The Queensland government has scrapped a proposal to alter land tax arrangements for interstate property investors, in a move described as bowing to industry pressure and wealthy landlords.

The proposal - which met fierce resistance from the real estate sector and other states - would have seen interstate property holdings taken into account when determining whether an investor meets the threshold for land tax concessions.

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