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AAP
AAP
Jacob Shteyman

Nation-first stamp duty cut gains federal endorsement

Andrew Leigh ACT Lukas Coch Chris Steel Nicola Powell Labor
All first home buyers in a territory will be exempt from paying stamp duty on property purchases. (Lukas Coch/AAP PHOTOS)

State governments have been encouraged to follow the lead of the ACT and abolish stamp duty, but it's unlikely to happen without Commonwealth support.

ACT Treasurer Chris Steel announced all first home buyers would be exempt from paying stamp duty on property purchases from July 1 as he unveiled the budget for the territory, which hosts national capital Canberra, on Wednesday.

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