Property tax moves might not be as lucrative as government thinks
Not much tax to be gathered.
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Budget 25
The new bright-line test to catch speculators and traders selling residential property within two years is unlikely to raise as much tax as the government predicts.
The government is ploughing $62 million into compliance and enforcement over the next five years, expecting to gather, it says, about
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Sally Lindsay
Tue, 26 May 2015
Tue, 26 May 2015
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Property tax moves might not be as lucrative as government thinks
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