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

Otter spotted for first time in 100 years in New York City’s Bronx River

Image captured in early June shows animal foraging in the waterway in first since early 1900s, signaling its recovery An otter has been spot...