Tag: new tax rate increased

New capital gains tax hits Sydney vendors hardest

 16-September-2017 Property By Jamal Bakalian

A new rate of Capital Gains Tax, introduced on 1 July, is having a major impact on most Sydney-based real estate vendors. Prior to 1 July 2017, a vendor who was an Australian resident and selling real estate valued at over $2 million, was required to...

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