News
Commercial property investors will foot the bill of proposed land tax
Thursday 31st of December 2009
Chief executive Connal Townsend said the Victoria University-led Tax Working Group's proposal to impose a tax on land and to remove depreciation rates on commercial property will have a significantly adverse effect on property owners and investors by imposing costs and limiting future investment.
"It will be harder to attract long-term tenants and the number of run down commercial prope...
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