The LNP is seeing red as a new Palaszczuk government tax that will sting thousands of Australian property owners twice comes to light.

From June 30 next year, the state government will use the total value of a property owner’s nationwide portfolio to calculate land tax.

The tax will exclude some non-investment property land, including the owner’s principal place of residence.

It means the Palaszczuk government will be collecting land tax on investment properties outside its jurisdiction, even if dues have already been paid to the state in which the land is located.

“Think about what this does to the psyche of somebody wanting to invest,” Opposition Leader David Crisafulli told Ray Hadley.

“The last thing we want is for the people who have already invested in Queensland to sell.

“They’re looking for every vacant honeypot to try and get some little bit of liquor out.”

Press PLAY below to hear the Opposition’s reaction in full 

Image: Nine News