Over the last few years, residential property taxes have undergone significant changes with further reforms to come this year. Both individual homebuyers and property investors need to be aware of the potential impact of some of these changes. Here we provide an up-to-date overview of residential property taxes and what they could mean for you.
Well here we are, 2012 is up and, while not quite running yet, gingerly poking its feet out from under the duvet. It’s fair enough to be a bit cautious about rushing headlong into January if the last year is anything to go by. The first full year of the coalition government has been something of a rollercoaster, whichever side of the political divide you sit and whatever your area of concern. Looking at it from a legal perspective, it’s hard not to conclude that we are heading for a derailment in 2012 as we rush headlong, and blindly, down the tracks of reform.