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Mofra
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- Dec 6, 2005
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- #1,426
It's a massive issue.I had a suspicion that foreign investors like to park cash in rich aussie properties, like tax evading corporates like tax havens.
So I did a google search:
I'm all for taxing vacant property as a means of incentivising their addition to the rental market.
You can add a timeframe for residency/lease to allow renovators to avoid being taxed on property they intend to either live in or let out.