- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
When the details of this policy were released, it really didn’t pass the sniff test. It seemed to rely on a huge increase in foreign buyers, above pre-ban levels, and ignored any potential reduction in sales due to the tax itself.
Just to add to this, the 2.5% applies to wealth after the first $2 million, and at $4 million for couples.
Thanks, I thought that was the case but couldn’t find it mentioned so left it out.
Honestly such a great policy…