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Victoria and Queensland believe a 51% top tax rate is fairer than increasing the GST.
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Case study: for $35 per week, you could own an investment property too.
ALP considers the idea of a minimum tax rate of 35 cents the dollar for anybody earning over $300,000.
We need to modernise our taxation system, says Treasurer, echoing the sentiments of the property industry.
A survey commissioned by the Property Council of Australia shows Australians consider a GST to be fairer than stamp duty.
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Once an investor chooses the depreciation method used for an asset, it cannot be changed.
Foreigners buying houses in Victoria will be be required to pay new taxes.
This example shows that even when an investor has only owned and rented a property for a few weeks of the financial year, the deductions claimed from depreciation can still make a significant difference for the investor.
The Real Estate Institute of South Australia and the Real Estate Institute of Australia argue for an adjusted GST to replace stamp duty revenues.
In submission to the South Australian government, Property Council calls for stamp duty to be abolished.
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