Property investors in crosshairs with CGT reform push
Capital gains tax changes could be back on the cards in an effort to address the problem of housing supply. But not everyone will be happy.
Capital gains tax changes could be back on the cards in an effort to address the problem of housing supply. But not everyone will be happy.
Australians are paying up to 49 per cent of the total value of home and land packages on taxes, regulatory costs and infrastructure charges, which have accelerated by as much as 106 per cent since 2019.
Queensland has overtaken its more populous rival Victoria to become Australia’s most consistent performer on price in residential property investment. So what has brought this about?
Two new property taxes will be imposed from this month on the state’s struggling property market — already the weakest in the country.
Tinkering with property taxes drives investors out of the market – it’s just happened in New Zealand and now Canberra is looking at a very similar picture.
The ATO makes it very clear anyone thinking of cashing in on a recent CGT-related property decision should stop in their tracks.
New land taxes aimed at small investors threaten to flatten Melbourne’s property market.
Original URL: https://www.theaustralian.com.au/topics/property-taxes