Ep131 - Budget Surprise! New Tax on Vacant Land!

submitted by Brendan Homan on 05/21/18 1

In all, there were no big surprises for the general housing in last weeks Federal Budget! However they snuck one in called a 'Vacant Land Tax'. Those people who own vacant land for investment purposes can no longer claim a tax deduction for expences incurred in holding that land until there is a house built and is ready to be occupied. So now could be the time to build on your vacant block! View more videos and our latest listings - brendanhoman.com.au

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