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http://www.revenue.nsw.gov.au/taxes/land "If you own property in...

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Jazz6868

2,476 Posts.

56

11/02/18

19:05

Post #: 30979594
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Originally posted by nosirommit ↑

Not bitchin, it's called discussion.

SD pales in comparison to the profit made.

Revenue stream is true.

I can just see the Media headlines when land tax implemented on home owners.

Government forces retirees out of their homes with land tax.

Families slugged with land tax, investors pay less.

Realist definition from google
Realist - a person who accepts a situation as it is and is prepared to deal with it accordingly.
"I am a realist, with no time for your world of make believe" (I have to admit I laughed at this when thinking of you ducky)

Baby boomers own more property than any other group
They have already paid stamp duty
About to retire, or already have.
Land tax equals additional pressure on already stretched super

So in my realist opinion - Baby boomer vote equals whoever is not implementing a land tax on the family home.

Perhaps the issue is with the size of the SD tax?

Maybe land tax for investors needs to be higher than it currently is?

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http://www.revenue.nsw.gov.au/taxes/land

"If you own property in New South Wales (NSW), that is not your primary residence, you may have to pay land tax. If you live in your own home, it is generally exempt."

Government forces retirees out of their homes with land tax.

Can you explain how?

In NSW, land tax is only for the rich and so they should pay more.
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