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WA plan to tax investment properties

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People with investment properties in WA would be hit with a $270 levy under a McGowan Government plan to raise revenue and fix the Budget crisis.

The West Australian understands the tax will be linked to water rates and apply to tens of thousands of investment properties with a gross rental value of $24,000 or more.

The Government did not rule out the levy yesterday but refused to confirm any details.

“All options are being considered as part of the Budget repair process,” a spokesman for Treasurer Ben Wyatt said.

“Any announcements regarding household fees and charges will be before July 1.”

Sources say the levy will target those getting investment earnings of more than the median house rental, which is $380 a week in WA.

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