Does anybody else here (in NSW) own an investment property?
I have just received in the mail a letter from the Office of State Revenue, stating that I need to pay land tax on my investment property.
It has almost got to the point where the tax benefits of investment properties is disappearing.
This year the state government has added:
1. no lower threshold on land tax
and
2. stamp duty when selling investment property
It makes me mad - my wife and I worked hard to be able to afford a second mortgage to buy an investment, and all I'm seeing now is more money going out the door
Bloody state government
