tycoon replied on Thursday, June 30, 2016 01:30 PM
basically govt is punsishing non filers who are buyers and short term property investors as sellers.
if you hold a plot for more than 5 years, you don't pay any tax.
if you are a filer, you cvt, stamp duty is not that much
this will actually discourage short term selling (hefty tax of 10%), hence property prices should stabilize even increase due to reduced number of plots available for sale at any given time...
so my advice is every one thinking of buying property should become a filer and plan to hold for atleast 5 years..... you will gain massively.... |
