Stamp Duty and Land Tax
In last year’s budget, the Treasurer outlined his plan to phase out stamp duty by the 2024/25 financial year, and to introduce a land tax. This is a significant change to the structure of State taxation in NSW and will impact people in very different ways depending on their home ownership status and future home ownership/investment plans.
There is a consultation period currently open, that will close on March 15th, 2021 and I want to hear what you think about these significant changes. You can fill out my community survey by clicking here.
While no legislation has yet been introduced to the Parliament, you can read more about the proposed changes in the NSW Treasury Consultation Paper by clicking the image on the right.