Sunday, 9 October 2022

NSW trial to allow prospective first home buyers to swap stamp duty for ongoing land tax

Buyers will be able to choose a $400 annual fee and 0.3% of the land value while it’s their primary residence instead of stamp duty

Prospective first home buyers in New South Wales will be able to see how much money they would save by opting in to an ongoing land tax instead of stamp duty, with a new online calculator.

The government will introduce legislation this year to trial the First Home Buyer Choice from January.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

from World news | The Guardian https://ift.tt/difp6Pr

No comments:

Post a Comment

Wildfire burns through northern suburb of Athens as residents told to evacuate

People in Kryoneri, north-east of the Greek capital, receive SMS messages telling them to get to safe areas A wildfire burned through a nor...