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  1. Jacque

    Government to introduce 2.25% Levy on Sale of Investment ppty's

    Hehe Dantheman, You have hit the nail on the head! The very govt that supposedly "encourages" us to be independent and save for our own retirement (rather than rely on the pension) through investment vehicles has penalized us for the privilege. They are using our education and motivation...
  2. Jacque

    Government to introduce 2.25% Levy on Sale of Investment ppty's

    Thanks for that, Jamie. Most helpful :) Hmmm. Seeing as there's now no threshold, there will be lots of unhappy investors now forking out land tax for the first time. Because I already have props in trusts, I'm used to saying goodbye to hard earned cash for no good or logical reason. On the...
  3. Jacque

    Government to introduce 2.25% Levy on Sale of Investment ppty's

    JumJones, Actually trusts already have no exemption amount ie: they pay land tax from the first dollar. My annual land tax bill for one of my props this year was just short of $1000, with a land value of just $54,000. Do the new changes mean that I'll only be up for .4% instead of the...
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