You'll lose 2 per cent of your taxable profit selling before June 30

By Michael Pascoe
Updated May 20 2017 - 9:43am, first published April 26 2017 - 12:48am

There's nothing like forewarning of a tax change to distort behaviour. If the government sticks with its policy of ending the 2 per cent deficit reduction levy on June 30, we're entering the season of delaying income and maximising expenses - and maybe holding off real estate auctions if all else is equal.

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