You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

10 June 2017 (AFR) – “Disastrous” land tax soars 1200 per cent in 12 months – Owners caught out by soaring land tax

(10 June 2017, AFR, p34, by Duncan Hughes)

‘A 73-year-old grandfather may have to sell his retirement property nest egg after a near-1200 per cent increase in land tax in 12 months, or a rise from $5300 to more than $67,900.’ <snipped…>

‘Flawed process – Property specialists claim the state government land tax grab is hitting existing and new property investors, particularly business people and dentists, doctors and lawyers  who have purchased their surgeries and chambers.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: