All Topics / Help Needed! / Mr Egan says “Too Bad” to NSW investors

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  • Profile photo of agedownunderagedownunder
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    @agedownunder
    Join Date: 2004
    Post Count: 15
    June 18, 2004 - 7:55 am

    MSW Treasurer Mr M Egan was reported to have said ( on ABC RAdio today 18/06/04 )

    If an investor spends money on capital improvements to their investment property ( in NSW ) and then sells the property the investor will pay the new stamp duty on the whole gain regardless of the amount spent on improvements.

    He said ” It’s a bit tough, but TOO BAD “

    I say Too Bad to him at the next election !!

    [thumbsdownanim

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