Hello, folks. I own some property as most of us. I intend developing it in some way. The thing that concerns me is the tax for that development. Will I have to pay a large tax? I hear the government has changed some things recently. I will really appreciate your help. Thanks in advance.
Hello. You have heard well. Government has introduced some new taxes for property developers. Many find this tax controversial, but you know the government. They have other plans. They think that with this tax they will be able to build thousands of new homes. And with this tax money not only homes will be built. They will invest it in roads and public infrastructure. Yours is only to pay. If I find some more details, I will let you know.
