ACT moves from stamp duty to land tax.

Discussion in 'Politics' started by Bilby, Jul 17, 2020.

  1. Bilby

    Bilby Freerangertarian Staff Member

    In a revenue neutral move, the Australian Capital Territory is gradually phasing out stamp duty and replacing with land tax.This is done by decreasing stamp duty by .01% each year and increasing land tax by .01% a year.
    The amount of land tax reflects the local economic activity and government infrastructure. To give an example if a suburban railway line is extended into the next suburb and the value of local real estate increases, is it not right the owners should give something back in return?
    If on the other hand a bit of government infrastructure makes land values decrease, the land tax reduces correspondingly.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice