From: David H
I saw an article in Friday's Australian saying that from 1 July the Bracks government was going to increase land tax rates as well as reducing/eliminating thresholds. Figures like $200 land tax in previous years may now be around $5k (if my memory serves me correctly).
If this occurs then I am very concerned that there are going to be a lot of very unhappy IP investors out there.
Does anyone have any further information?
I saw an article in Friday's Australian saying that from 1 July the Bracks government was going to increase land tax rates as well as reducing/eliminating thresholds. Figures like $200 land tax in previous years may now be around $5k (if my memory serves me correctly).
If this occurs then I am very concerned that there are going to be a lot of very unhappy IP investors out there.
Does anyone have any further information?
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