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what is key indicator of property depriciation?!
Personally we work on Price action and when certain properties becoem over valued that is a good indicator of depriciation ahead.
Would this 8 year CVT would be applicable on previous years buying as well? or this would be applicable on plots purchased after 2019 budget?
It is applicable on previous years buying as well. So even if you purchased a plot in 2015 you are liable to pay CGT (Capital Gains Tax) if you sell it in 2020 on a profit.
what is key indicator of property depriciation?!
Personally we work on Price action and when certain properties becoem over valued that is a good indicator of depriciation ahead.
Would this 8 year CVT would be applicable on previous years buying as well? or this would be applicable on plots purchased after 2019 budget?
It is applicable on previous years buying as well. So even if you purchased a plot in 2015 you are liable to pay CGT (Capital Gains Tax) if you sell it in 2020 on a profit.