The Housing Industry Association (HIA) has issued a media release demanding that stamp duties be replaced with “alternative broad-based tax measures”:
“Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue,” explained HIA Chief Economist, Tim Reardon.
HIA’s Stamp Duty Watch report, released today, reviews the latest developments around stamp duty across Australia’s eight states and territories. Stamp Duty Watch is a comprehensive regular review of policies in the states and territories around Australia.