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  • The Need to Save

    Hello all!

    New article has been submitted - first two paragraphs below->

    The decision by the Carr Government in NSW last week will make history as one of the dumbest by a state government in Australian history. Of course for those of you lucky enough to already invest in New Zealand would know that you do not have capital gains tax or stamp duty.

    Last week the Carr government introduced two new taxes for investors. Firstly a land tax, with a rate set at 0.4% per year and secondly a 2.4% stamp duty to be paid when the investment is sold. This is on top of the 4% approx stamp duty paid when you purchase and lets not forget the capital gains tax that also has to be paid when you sell.

    http://www.propertytalk.co.nz/module...ge&pid=104

    Cheers

    Marc
    Free business resources - www.BusinessBlogsHub.com
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