Commenting on the story: “We’re wasting our time in this state”: Liberal heartland turns on Lucas
If you have three million dollars of land in SA, the land tax is $76,000; in NSW $37,000 and Victoria $25,000.
I have just had a conversation with one of my tenants and the current land tax is $1200 – under the new land tax it will be $19,000.
This is the end of this state now for any business at all, also one term government for the Liberals. – Simon Tiddy
16 long years out of office and the Libs come up with this doozy! Who is running this circus? – Gilbert Aitken
Please. It’s very calculated for vested interests to use deliberately chosen words like ‘mum and dad investors’, knowing full well that research consistently shows the majority of property investors are single property owners (not impacted by changes), and as such, are largely unsophisticated ie not users of deliberate tax dodges like trusts.
This budget measure actually delivers fairness to mum and dad investors, who would mostly be paying the full tax they are required to – unlike those with deeper pockets.
Onya Mr Lucas! – Andrew Lambert
Be truthful with South Australia, the crux of the matter is our new Liberal government is scrounging around for cash.
The previous Labor government sold out South Australian assets at record levels.
I’d prefer to see a genuine one-off tax as an emergency levy, levelled against all revenues collected by the government (say an additional 2%), to fix our state.
Not blame it entirely on trust funds that may or may not be tax avoidance schemes.
South Australians must unfortunately share the burden of repairing our state.
The hard truth is government and private sector employers cannot afford wage increases. – Mike Lesiw
I found this article interesting. However, it did not explain exactly how the land tax aggregation system works, and how these calculations would be changed.
All it told us was that a long of investors were up in arms about impending cost increases.
A follow up article about how it works, and a hypothetical example of exactly how it would impact on an average industry investor, would help put this issue in perspective. – Di Kidd
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