Join Australia's most dynamic and respected property investment community

Rezoning Superprofits Should be Taxed

Discussion in 'Accounting & Tax' started by House, 13th Oct, 2015.

  1. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    846
    Location:
    Sydney
    According to a former tennis star...

    Property Update

    A friend knew someone in council who told him about rezoning for a motorway which influenced where he bought. Once the motorway was announced, the price of his and all the surrounding houses jumped $75k+ so would be a nice tax grab/levy if such a "value-capture" system was introduced.
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    7,597
    Location:
    Sydney or NSW or Australia
    What about those who sell their ppor which was rezoned High density from floodprone R2?