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The pre-election update, released on 30 October, trimmed land transfer duty and land tax forecasts, reducingRevenueby roughly $5 billion across the forward estimates. That works out to about $1.3 billion a year.
The StateRevenueOffice announced on 28 October that "new guidelines for the land tax absentee owner surcharge exemption have been published in the Government Gazette today."
That means the existing first-home buyer settings continue. First-home buyers pay no duty on homes up to $600,000, and a sliding concession applies up to $750,000. Off-the-plan concessions also continue.
The first challenge is understanding desired spending, housing costs and the number of years savings may need to last. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, …
The first challenge is understanding the years between leaving work and gaining access to different income sources. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty and …
The first challenge is understanding how super savings may be converted into regular retirement income. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty and flexibility. Those …
The first challenge is understanding the risk that rising living costs reduce what a fixed income can buy. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty …
The first challenge is understanding the difference between an eligible work-related expense and a private purchase. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty and flexibility. …
The first challenge is understanding how redirecting eligible pre-tax earnings into super affects take-home pay. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty and flexibility. Those …
The first challenge is understanding how a sale can crystallise a gain or loss for tax purposes. Decisions made without a clear purpose can become difficult to evaluate later. A household or investor may have several competing objectives, including liquidity, long-term growth, certainty and …
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