this post was submitted on 22 Oct 2024

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Stamp duty 'a bad tax' that distorts the market, housing minister says, welcoming shift to land tax (www.abc.net.au)

submitted 1 month ago by Longmactoppedup@aussie.zone to c/australianpolitics@aussie.zone

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[–] vacuas@aussie.zone 3 points 1 month ago* (last edited 1 month ago)

Should be no tax for singular home owner occupiers. If you only own one home, that you live in, you shouldn’t be paying stamp duty or land tax. Ideally this would make it easier for older Australians to sell their home that they may no longer be able to maintain, and buy another smaller home without the added cost. You should only be taxed if you’re an investor