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First-timers give areas faceliftRenewed interest in property on the part of first-time buyers is spurring wholesale upgrading in areas that had become run down or neglected.Upmarket not always best valueInvestors and homeowners who shunned older, lower- to middle-income areas in favour of luxury, upmarket suburbs may have lost out on some spectacular capital gains last year. By Joan MullerUnderstanding when VAT applies vs. Transfer Duty in property salesA construction enterprise owner listed a new dwelling for sale and noticed an ad incorrectly stating that transfer costs are included. They seek clarification: "When does VAT apply, and when does Transfer Duty apply?"
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