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I think there's definitely something to this, because land taxes aren't common in Australia, either, and yet almost all houses there are freehold house and land
by caf 14y ago
I think there's definitely something to this, because land taxes aren't common in Australia, either, and yet almost all houses there are freehold house and land.
- tomcorrigan 14y agoDoubtful. Land taxes are extremely common in Australia. All land is taxable, however exemptions exist for your own principle place of residence (ie home). If you own a holiday house or investment property then your are liable for land tax. That is the reason houses are primarily sold freehold as opposed to leasehold.