News

The Block: Show us the numbers

Tuesday 7th of August 2012

You see, there is a view that people who invest in residential property are tax cheats.

The view, a bit like some of the outlandish stuff you see on reality TV shows, is that they quickly on-sell properties at a tidy little profit and pay no tax on that gain.

The tax law is clear. If a property, other than a taxpayer's residence or business premises, is bought...

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