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Billionaire's row: tax tussle over 'spare' mansion

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posted on Feb, 4 2009 @ 11:28 AM
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Billionaire's row: tax tussle over 'spare' mansion


www.smh.com.au

HE IS Australia's sixth richest man, but the Meriton boss, Harry Triguboff, reckons he shouldn't have to pay land tax on his "spare" house next door to his mansion.

A troupe of lawyers and a Land and Environment Court judge yesterday took a wander around his extensive $25 million harbourside compound in Vaucluse to help them decide whether he has two properties or just one.

They checked out the three bedrooms, the kitchen and the expansive lounge room of the two-storey "spare house", the agapanthus-filled gardens, the three pools, two garages and harbourside jetty - all with the aim of working out whether Mr Triguboff's consolidation of two properties onto a single title means he can avoid up to $500,000 in land tax each year.

The property tycoon, worth $3.25 billion according to the BRW Rich List, and his wife, Rhonda, have had a "spare" house for the past decade, since buying their neighbour's house for $6 million to bring their total holding to 5200 square metres.
(visit the link for the full news article)




posted on Feb, 4 2009 @ 11:28 AM
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Here we go again. Just another bloody crybaby whinging over the fact he has to pay land tax on what is clearly two separate properties. It's not like the man can't afford it for crying out loud.


Counsel for the Valuer-General said one foolproof way to avoid a controversy over whether someone was liable for land tax when they bought a neighbouring property was to "bulldoze" both homes and "obliterate" the boundary separating the two.


I think he was having his own private dig at this billionaire crybaby when he said this. If that is so then good for him!

I cannot stand it when these rich elite start whinging that they have to pay for this and that and yet not 5 kilometres away, as the crow flies, we have families struggling to pay rent and feed their families.

I don't believe in Karma per se, but if I did this is one time I would hope and beg that it strike this whining crybaby down.

www.smh.com.au
(visit the link for the full news article)



posted on Feb, 6 2009 @ 02:09 AM
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reply to post by Kryties
 

LOL
Great point, about the poor people down the street...
I DO believe in Karma, among many other unexplained phenomenon, and it comes around, trust me!



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