Tag: Stamp Duty

Victoria’s Landowners To Be Hit With New Tax Measures

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In pre-budget announcements, Victoria’s Treasurer, Tim Pallas, confirmed plans to have the wealthiest homeowners and developers pay more taxes. The government estimates that these changes would raise $2.4 billion in revenues over the next four years. The proposals include a new windfall gains tax on developers whose projects are on…

Australia’s Accounting Bodies Back NSW Bid To End Stamp Duty

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Chartered Accountants Australia and New Zealand and CPA Australia are supportive of a proposed move by the New South Wales (NSW) government to eventually do away with stamp duty and gradually adopt an annual property and land tax pegged on unimproved land value. Under this proposal, property buyers would have…