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Pedestrian.tv
National
Sweeney Preston

Federal Treasurer Jim Chalmers Backs State Talks To Scrap Stamp Duty So Here’s The Lowdown

Jim Chalmers Age Labor PEDESTRIANTV
Treasurers from each state will meet in Brisbane on July 22 to discuss a bunch of (largely) boring tax stuff. However, there will be one juicy topic on the agenda — stamp duty. So what the bloody hell IS it and why should potential home buyers care?

What is stamp duty?

Stamp duty is essentially a land transfer tax. If you buy a property, you pay the price of the property to the previous owner PLUS a tax to the relevant State Government. According to VicGov’s stamp duty calculator
 

Why do the state treasurers want to chat about stamp duty?

reported in April

A reduction in the transfer tax could help potential home buyers, but there’s a slight problem.

The Age

The federal government and stamp duty.

Anthony Albanesenew federal governmentJim ChalmersThe AgeDominic Perrottetfloated the idea

Could changing property tax policy really increase home buying rates?

not enough houses.generational issuenot be fuckheads

The post Federal Treasurer Jim Chalmers Backs State Talks To Scrap Stamp Duty So Here’s The Lowdown appeared first on PEDESTRIAN.TV .

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