I own two investment properties in NSW East, two units. Rough calculation shows that I might be eligible to land tax, however never received any notice.
Looks like this tax designed as a surprise one. If I move into one of my properties before I sell, will it minimize my tax? And how large is the penalty?
Anyone else came across the "surprise tax" and had consequences?
THANKS!
Looks like this tax designed as a surprise one. If I move into one of my properties before I sell, will it minimize my tax? And how large is the penalty?
Anyone else came across the "surprise tax" and had consequences?
THANKS!
Igzem
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