News Formal

Tax slug for Victorians with investment properties or holiday homes

  • 📰 theage
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Victorians with second homes or investment properties will pay a new flat rate tax of up to $975, plus an additional levy on the value of their land from January 1, 2024.

The tax-free threshold for general land tax rates for properties which are not a principal place of residence will decrease from $300,000 to $50,000.

Treasurer Tim Pallas said the levy “will apply primarily to those who own a second property or multiple properties” and said the family home will remain exempt. “The COVID debt levy is targeted at those with the greatest ability to pay following the pandemic,” Pallas said. Pallas denied that the land tax increase would have an adverse impact on rent and said the cost was “relatively small on landlords in the grand scheme of things”.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 8. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Victorian budget 2023 LIVE updates: Big business, private schools and government jobs in firing line as Treasurer details COVID repayment planThe state budget will be handed down after 1pm on Tuesday. Victorians can expect new taxes and the promise of a $1b surplus within three years.
Bron: theage - 🏆 8. / 77 Lees verder »