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Stamp Duty on land sales abandoned

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Written by Ian Begaud Thursday, 24 September 2009 03:45

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Stamp Duty scrapped! That was the headline a few days ago.

Stamp duty on sales of real estate housing loans is set to be abolished after the Henry tax review, which is likely to recommend states be given a share of income tax to make up the difference. The most likely path to do this would be for the commonwealth to give the states the ability to impose their own surcharge on income tax, which would be collected for them by the Australian Tax Office

Don't hold your breath on this review, it won't be completed till the end of 2009 and getting all those bureacrats in 8 states and the the feds to agree would be a miracle.

SE QLD Weather



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