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Foreign buyers hit with increased taxes and charges

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Your Investment Property | 10 May 2017, 06:00 AM Agree 0
The biggest blow will be the change to foreign buyers’ capital gains made on property and their strategy of holding properties without occupying them
  • Philip | 10 May 2017, 02:28 PM Agree 0
    If you can pay $4000 a quarter in corporate body fees and leave the place empty, another $5000 isn't gonna motivate you to rent it
  • Rob | 10 May 2017, 03:50 PM Agree 0
    The only way to treat foreigners buying Australian property and businesses is to only allow such purchases by those from countries where Australians have inalienable reciprocal rights to buy property/businesses with 100% guaranteed ownership and due compensation should the foreign Sate need to resume the property or part thereof for infrastructure.
  • Rob | 10 May 2017, 03:51 PM Agree 0
    The only way to treat foreigners buying Australian property and businesses is to only allow such purchases by those from countries where Australians have inalienable reciprocal rights to buy property/businesses with 100% guaranteed ownership and due compensation should the foreign Sate need to resume the property or part thereof for infrastructure.
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