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how will holding in different trusts minimise land tax per year? Its my understanding that under this new policy, that the tax will be applied to individual properties rather than the sum of the properties, probably with the aim of stopping people from setting up multiple trusts with this end in...

hi jamie, interesting pt you raise. when i first read the summary earlier today, i took it to mean 112% of the original cost. 12% is absurd and cannot be serious. recall something about them phasing out this break at 15% (ie, 115% by my reckoning). julie