Under the plan, young home buyers will be able to continue avoid paying costly stamp duty on their first and second properties, and instead could pay an annual land tax fee.READ MORE:"Stamp duty is a terrible tax," Perrottet said.
The move will expand the First Home Buyer Choice , which allows buyers to choose to pay annual land tax or a larger stamp duty sum when purchasing a house under $1.5 million. Perrottet said the scheme was a "game-changer" for first-home buyers, when he announced the plan last year.
Downsizing my home after retiring was rewarded by the NSW Government with a tax of StampDuty $60,000. Removing such taxes for retirees si they do not stay in their large, mostly unused homes, rather than downsizing, making them available for young families.
I thought the liberal party was good at finance... Last few decisions and this one shows that isn't the case. Also.. where's your brother at? Come out of hiding yet?
So people will have to pay tax on their house forever. If you sell your house under 10 years it works out. If you’ve got your forever home- don’t take that option
Stamp duty is legal theft
Dom_Perrottet too late thanks to your ex-finance minister and his scams (we know you're getting kickbacks) and not a electrical tax LiberalAus nsw is DONE And NSWLabor I'm not voting you It will be OneNationAus is getting my vote
Who is that benefiting? Stop supporting the rich! Many people can’t even afford a mortgage.