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AAP
AAP
Politics

ACT:Stamp duty axed as budget tackles housing crisis

ACT Chris Steel Australia

First home buyers in the ACT will no longer have to pay stamp duty, the territory government will reveal, as it hands down a budget mired in debt.

Housing is central to Treasurer Chris Steel's second budget, to be unveiled on Wednesday.

The latest milestone in ACT Labor's long-term project to abolish stamp duty in favour of higher property rates will extend the exemption to all first home buyers from July 1.

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