With a sinking heart I opened the State Revenue Office letters, hoping that my reaction would not be the same as last year's http://www.somersoft.com/forums/showthread.php?t=69641
To my relief the Tax is about $1,300 less than last year's colossal bill.
I haven't gone through the comparisons property to property as yet, but either the overall market vaue as at 31/12/2011 was less than at 31/12/2010 or the tax rates have changed
Either way, small mercy though it may be, $1,300 is, indeed, a mercy and one we are grateful for
However, the overall tax bill is still nearly enough to send both of us around the world on P&O in a stateroom with a balcony, but that is a story for another day
Cheers
Kristine
To my relief the Tax is about $1,300 less than last year's colossal bill.
I haven't gone through the comparisons property to property as yet, but either the overall market vaue as at 31/12/2011 was less than at 31/12/2010 or the tax rates have changed
Either way, small mercy though it may be, $1,300 is, indeed, a mercy and one we are grateful for
However, the overall tax bill is still nearly enough to send both of us around the world on P&O in a stateroom with a balcony, but that is a story for another day
Cheers
Kristine