Stamp duty will soon be abolished for all first home buyers in the ACT
4 months ago by tau to c/canberra
The ACT will become the first in the nation to abolish stamp duty for all first home buyers, regardless of income or home value.
The move continues the ACT government's decade-long ambition to abolish the tax on all house sales.
The announcement of tax changes was made ahead of today's ACT budget.
That seems to be what they're working towards here. The ACT already does do land tax for some blocks (basically residential that's not a PPOR) and I wouldn't be surprised to see them expand that at some point to cover the loss of stamp duty.
@aussie.zone
For stuff related to Canberra and the surrounding region.
The icon is a Gang Gang Cockatoo, which is a pretty cool bird and also the ACT faunal emblem.
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@aussie.zone
For stuff related to Canberra and the surrounding region.
The icon is a Gang Gang Cockatoo, which is a pretty cool bird and also the ACT faunal emblem.
go to feed...
Yes! Abolish stamp duty. Tax land instead.
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