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Lawyers and accountants attack NSW stamp duty reforms


MacroBusiness
Access Subscriber Only Content
at 11:00 am on April 20, 2021 | 8 comments
The New South Wales Government last year announced gutsy reforms to the state’s tax system, which will offer owner-occupiers an alternative to paying stamp duty via a fixed $500 up-front fee plus an annual 0.3% tax on the property’s unimproved land value.
Under the proposed reforms, the average buyer of a Sydney house would be given the choice to either pay a $51,000 lump sum (the current stamp duty requirement) or about $2,000 per year.
But once the property is subject to the annual tax, all future owners of that property would also be required to continue paying it. ....

New Zealand , Susan Franks , Dominic Perrottet , King Wood Mallesons , Victoria University , South Wales Treasurer Dominic Perrottet , Australian Treasury , New South Wales Government , Wood Mallesons , Accountants Australia , புதியது ஜீலாந்து , சூசன் பிராங்குகள் , கிங் மரம் மல்லேசோன்ஸ் , விக்டோரியா பல்கலைக்கழகம் , ஆஸ்திரேலிய கருவூலம் , புதியது தெற்கு வேல்ஸ் அரசு , மரம் மல்லேசோன்ஸ் , கணக்காளர்கள் ஆஸ்திரேலியா ,