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AAP
AAP
Politics
Callum Godde

Axing stamp duty would leave '$30b hole' in budget

Tim Pallas Victoria
Axing stamp duty from property sales would leave a big gap in the budget, Victoria's treasurer says. (Lukas Coch/AAP PHOTOS)

Victoria's budget bottom line would take a $30 billion hit if the state moves to scrap the state's much-loathed stamp duty, Treasurer Tim Pallas warns.

As he prepares to hand down his 10th state budget in May, Mr Pallas has not ruled out changes to the state's tax regime but cautioned against axing stamp duty for homebuyers.

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