NSW increases land tax on holiday house owners

NSW increases land tax on holiday house owners

The New South Wales government has increased land tax on those who own a holiday house or a property through a company, says Sky News Business Editor Ross Greenwood.

He says this is as part of an effort to “kick-start home building”.

“Some of the money will be used to create financial guarantees for property developers or even to pre-purchase homes – in an effort to kick-start home building,” Mr Greenwood said.

  • https://www.msn.com/en-au/news/other/nsw-increases-land-tax-on-holiday-house-owners/ar-BB1omdrs?ocid=00000000

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