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Opposition vows to dump tax Hi All On the news I saw John Brogden (NSW Opposition Leader) vow is elected he would abolish the 2.2% sales tax and the changes to land tax, but keep FHO stamp duty free limit to $500k. Says he will do it through savings but Egan (NSW Treasurer) says it is not...

It a rort Good One Gee Cee They must have found it ($1BN) in the pockets doing the washing!! Also if this tax is fair how come: 1. Exit Tax applies to all IP! 2. FHO Stamp Duty Concession only to NEW Buyers? Why not apply exit tax to those from date of announcement or...

Hi Handy Good Point. When I find out, I will post. FYI this client has decided therre are too many unknowns at the moment and is going to hold off. Another friend however has decided to sell her ex PPOR unit now IP unit. Question is. CGT gives 6 years grace for ex PPOR. What about...

Some interesting editorial comment Can't leave it seems. O' well I can sleep on the flight! Here's some comment by SMH raising some very interesting figures and questions re application of the new tax, sorry levy. http://www.smh.com.au/articles/2004/04/07/1081326794314.html Check this...

Last word Lastly, I leave for a long weekend in NZ tomorrow. Maybe I should take the cheque book and avoid the "horrible taxes" in OZ. Do a Bob Carr and buy in NZ ? Hang on, how do I tell "SHE who must be obeyed" arrr,..umm..lets spend our holiday looking at property?!? :eek: (punch to...

Hi Jahn I welcome your disagreement I agree with your comments re changing the rules. I have only recently raised in the forum that when economists model outcomes they often assume the same parameters will remain. Already here we are seeing mutiple possible solutions to the problems...

It will spread like cancer... Hi All RESPONSE Have spent a busy day advising clients on the changes I can say, yes, there is a general panic in the market for the average 1 or 2 IP investor. Many angrey with Carr and threatening to vote him out. IS IT FAIR Some comment here of fairness...

Rough Deal I see it as having gouged the IP buyers on the way in, now they get them on the way out. More reasons to buy elsewhere than NSW. :mad: At 4pm today I met with an agent managing as ale for a client and this ensured we do it before 1 July. Regards, Peter 147