Land Tax
UPDATE - Withholding tax on property sales
Submitted by: Physio Accountant - 31-Jul-2017
Last year we wrote an article detailing the new withholding tax introduced for properties sold to foreign residents. For any property sold for more than $2 million after 1 July 2016, the purchaser had an obligation to withhold 10% of the sale price.
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( Posted in: Property
)
Land Tax…the forgotten tax
Submitted by: Physio Accountant - 13-Apr-2017
When you buy your first (or even second) investment property, land tax is likely the last thing on your mind. Even less likely if you are buying a new family home and have decided to keep the old one and rent it out. With land tax rates skyrocketing in some states over recent years, this can be a nasty surprise.
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( Posted in: Property
)