Bam wrote on Dec 24
th, 2015 at 9:30am:
Lisa Jones wrote on Dec 24
th, 2015 at 9:22am:
Bam wrote on Dec 24
th, 2015 at 9:15am:
Lisa Jones wrote on Dec 24
th, 2015 at 8:55am:
We pay land tax here in NSW.
Lucky us
Not everyone does. That is the problem.
Huh?
Everyone I know (including us) who owns investment properties here in NSW pays land tax. It comes round once a yr...like a freaking fine with an official deadline and a warning for late/non payment
Owner occupiers are exempt.The Henry tax review (2009) recommended that land taxes apply to all properties over a threshold value per square metre, in exchange for reducing stamp duty on property transfers to a more sensible level. This isn't a proposal just for NSW. It should apply in every state and territory.
land values go up and up every year....
and so would their land tax grab....
stamp duty because of the big prices is now an embarrassment.....
people are horrified at how much govt take its pure greed.. nothing else..
but as per usual the States cannot live without it..
so the Henry report used the good old smoke and mirrors...sleight of hand that we all used to fall for years ago...
and some still do .. by the sound of this..
when my land tax and rates increase its because of the price someone got for their hose down the street....
it has nothing to do with increased services... or quality of our way of life..
its just a means to Govts getting as much of our money as they can .. without us all screaming and trying to get our hands on them.....
its called now you see it now you dont..