Investors who own properties in Queensland as well as other states are set to be slugged with massive land tax bills following the introduction of a new tax regime in Queensland.

New legislation was passed on June 24, which allows the Queensland Government to include the value of investment properties owned in other states when working out how much land tax to charge on Queensland properties.

Now, this is outrageous and I’m surprised it’s even legal, but the State Government in Queensland, which has become renowned for its shady dealings, has tried to justify it with political double-speak.