The NSW and VIC state governments have reportedly joined forces to axe stamp duties in favour of an annual land tax:
Stamp duty would be gradually replaced by an annual land tax and home buyers could “opt in” to a new property system or receive a credit for past duties, under reform options for the NSW and Victorian governments…
Stamp duty would be gradually replaced by an annual land tax and home buyers could “opt in” to a new property system or receive a credit for past duties, under reform options for the NSW and Victorian governments.
