SHARING IDEAS THAT DO GOOD

A broader land tax to replace stamp duties on property?

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The NSW Review of Federal Financial Relations, led by businessman David Thodey, is releasing a consultation findings document before its interim report is due about April and final report in mid-2020.

Their findings show how property transfer duty is a costly tax that impacts citizens’ freedom to move throughout the seasons of life. It can have the worst impact on first-home buyers and seniors.

Most people are calling for the tax to be replaced. Perhaps a broader land tax would be fairer, more efficient and less volatile hence could replace it. 

https://www.afr.com/policy/tax-and-super/thodey-exposes-property-tax-burden-20200210-p53zeg

What do you think?

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Comments
Lynn Wood @ 2020.02.29 8:11 PM

Great to see this article in the Weekend Australian stating that NSW and Victorid are now considering this tax change https://www.theaustralian.com.au/inquirer/key-states-put-their-stamp-on-tax-reform-leadership/news-story/a58b002d88f7735a07b0ab18829134de


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By Lynn Wood

11 February 2020



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